Economy

The chief executive of a big four bank has said that he is “ultimately accountable” for the financial harm and emotional stress customers have faced as a result of the group’s misconduct

Australian credit card holders collectively owe almost $30 billion following rampant credit card spending over the holiday period.

New data from ANZ and Roy Morgan Australia has suggested a recovery in consumer confidence, reversing a recent downward trend.

A new paper from the Actuaries Institute has warned that financial institutions are applying ineffective and outdated risk management strategies.

The Minister for Revenue and Financial Services, Kelly O’Dwyer, has announced the appointment of new members to the Australian Government Financial Literacy Board.

A new report by the Australian Housing and Urban Research Institute (AHURI) has found that negative gearing is not responsible for high home prices.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

The Bank for International Settlements fears that the longer-term profitability of the global banking sector could encourage lenders to engage in risk-taking and excessive leverage.

According to S&P Global Ratings, Australian mortgage arrears fell nationwide in November, with arrears in New South Wales and Victoria the lowest they’ve been in two years.

An industry body has urged the Berejiklian government to “embrace progress” and advance its policy agenda to boost housing affordability.