Economy

The Reserve Bank of Australia has announced that it will conduct a series of “top-down” stress tests on Australia’s banking system.

The Australian Bankers’ Association has resolved to nominate the CEO of a big four bank as chair at its annual general meeting in early December.

The latest research from Roy Morgan has found that 8 per cent of Australian mortgage holders have little or no real equity in their home.

Minister for Revenue and Financial Services Kelly O’Dwyer has strongly defended the government’s proposed Australian Financial Complaints Authority, despite criticism from one of the ...

The Bank of Queensland has highlighted the strength of its broker-originated volumes and Virgin Money mortgage business after posting a 5 per cent increase in cash earnings to $378 million

The latest State of the Market Report – Metro, released by Domain, details the current state of the property markets in Australia’s capital cities, revealing the first decline in the Sydney ...

The boss of a big four bank says he stands by a decision to hike rates by 34 basis points for more than 800,000 home loan customers, labelling the increase a “judgement” that was not driven ...

Australia has managed to dodge numerous shocks and experience 26 years of growth. HSBC questions when the lucky country’s luck will run out.

Westpac’s $26 million gamble on an online brokerage is part of a global trend among venture capitalists and billionaire investors to roll the dice on disruptive mortgage businesses.

Increased data sharing within financial services could expose clients to “predatory practices” and “conflicted advice” from new, third-party service providers, the Consumer Action Law Centre ...