Economy

High-income earners are accumulating larger credit card debts, with unemployed Australians also accumulating a high level of debt, new data has suggested.

Non-bank lender Firstmac has priced a $600-million residential mortgage-backed securities issue at 1.05 per cent over the bank bill swap rate.

CBA has launched a new tier-one hybrid security, PERLS X, with a margin expected to be set between 3.4 per cent and 3.6 per cent above the 90-day bank bill swap rate.

After four years leading the operational, strategy and sales divisions at CoreLogic, Matt Carlson has been appointed as the group’s new general manager of benchmarking solutions, effective ...

The upcoming comprehensive credit reporting reforms must not discriminate against Australians who have previously experienced financial difficulties, the chief executive of the Australian ...

Deposit Assure is calling on brokers to close the deal with deposit bonds backed by A+ credit-rated insurers, following the shutdown of competing deposit bond provider Deposit Power.

Bluestone Mortgages has announced rate cuts of 75 to 105 basis points across its Crystal Blue product suite.

The Reserve Bank of Australia has announced its cash rate decision for March following its monthly board meeting.

Two of the big four banks have announced changes in their fixed rates.

Mortgage arrears have risen in December, bucking a four-month trend of declines, according to the latest data from Standard & Poor’s.