Economy

The head of a regional bank has explained the impact that APRA’s lending curbs have had on the group’s mortgage portfolio as it refocuses on different market segments.

Federal Treasurer Scott Morrison has outlined how removing the prohibition of the term “bank” could lead to a “flood of new online lenders” and drive rates down for consumers.

Australians have switched approximately $59 billion worth of home lending from investor to owner-occupier mortgages since July 2015, according to the central bank.

Treasurer Scott Morrison told an audience of financial services professionals this week that the Banking Executive Accountability Regime (BEAR) is “legislation with teeth”.

Westpac chief economist Bill Evans has warned that a Labor win in 2019 will create major shifts in property investor sentiment as new tax policies are introduced.

Pepper Group Limited has priced its third RMBS issue of the year following strong investor support that drove its AUD equivalent order book close to $1.9 billion.

The CEO for banking & wealth at Suncorp Bank, David Carter, has said that the banking industry has “lost the social right to make money”, adding that it needs to earn back “community ...

Leading finance blogger and fintech commentator Chris Skinner says that a tech-driven revolution in banking will make a third of today’s bank staff redundant over the next two decades.

Prospective mortgage customers are increasingly making multiple applications through brokers, branches and online channels in the hope of securing a home loan.

Mortgage insurer QBE LMI is predicting Sydney house prices to decline marginally while other capital cities continue to gather momentum over the next three years.