Economy

Property approvals have fallen for the third consecutive month, according to the Australian Bureau of Statistics.

The “biggest single risk” to security in the banking sector is cyber risk, according to Westpac’s CEO.

The Reserve Bank of Australia will have no choice but to keep the cash rate at its record low of 1.50 per cent, an analysis of economic indicators has revealed.

A senior economist expects price falls in Sydney and Melbourne to continue after the latest CoreLogic figures found that capital city home values are gradually declining.

Business confidence levels are rising and are an “encouraging sign for investment”, according to the National Australia Bank.

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A new paper from the Actuaries Institute has warned that financial institutions are applying ineffective and outdated risk management strategies.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