Economy

The Productivity Commission believes that mortgage comparison rates are effectively “meaningless” if they don’t incorporate discounts on standard variable rates.

The bill to establish the Australian Financial Complaints Authority has been passed by the federal parliament, creating a “one-stop shop” for dispute resolution.

The Australian government has tabled legislation to establish the Housing Finance and Investment Corporation as part of its housing affordability plan announced in the 2017–18 federal budget

ANZ CEO Shayne Elliott has claimed that there is a royal commission into the banking sector because the industry has “lost touch with the broader community”.

AMP Capital chief economist Shane Oliver has said that Australia’s household debt levels are not as bad as they seem, but a 2 per cent rate rise could leave Australians vulnerable.

Bendigo and Adelaide Bank has announced the appointment of two new members of its leadership team.

Australia’s banking sector has rallied behind the introduction of the New Payments Platform, designed to enable the instant, cross-institutional transfer of funds.

The Treasury has released its final report on the review into open banking, with one of its claims being that the said banking model will “significantly ease” the process of applying for a ...

A non-major lender is planning to expand its investment and interest-only portfolio after experiencing a sharper than expected decline in volume in the first half of the 2018 financial year

Investors may be permanently dropping out of the residential lending market, according to an analysis of new data from the Australian Bureau of Statistics.