Economy

Australia’s major banks must use data analytics, artificial intelligence and robotics to increase productivity and reduce costs, says outgoing CBA chief executive Ian Narev.

The outgoing CEO of CBA has said that there is no such thing as the Australian housing market, that the “vast majority” of borrowers could afford their mortgage repayments if rates go up, ...

New ABS data shows that the number of dwelling approvals and sales are on the rise, but are overall low when compared to this time last year.

Rentvesting popularity is growing and now accounts for over 30 per cent of all property investments in Australia, according to a new research, which also identifies rentvestor hotspots

The Financial Ombudsman Service received record dispute numbers in 2016–17, with the new data indicating an increase of 16 per cent in one year.

Insurance provider Ensurance has announced an organisational restructure and the appointment of a new executive chairman, who will underwrite half of the company’s new $3 million placement

The International Monetary Fund has expressed shock that advanced economies are still keen to borrow more despite the “widespread misery” following the global financial crisis.

A banking analyst believes that it is actually the “highly leveraged Australian household sector” that is too big to fail and not the major banks — as most expect.

ASIC has remade a class order on mortgage schemes and has temporarily extended the relief for small, industry-supervised schemes.

Despite receiving some bad press of late, securitised US student loans originated by the right counterparties are providing decent returns to investors, according to HSBC.