Economy

OPINION: Fresh warnings from the Reserve Bank of Australia about the nation’s love affair with debt suggest that the problem originated years before lenders felt the long arm of APRA.

A Sydney man has been permanently banned by ASIC from financial services and credit in connection with property and SMSF spruiking.

According to the recent trail book opinion survey conducted by Momentum Intelligence, 32 per cent of mortgage brokers considered competition as the biggest hurdle to business growth.

The Australian banking industry has developed what it calls a “recipe for a successful open banking regime” to radically change the customer banking experience.

Reserve Bank of Australia governor Philip Lowe is worried about what will happen to highly leveraged Australian households when rates return to “normal” levels.

Investing in bitcoin is “incredibly dangerous and very speculative”, warns Magellan’s Hamish Douglass, but the technology underpinning it could be “revolutionary”.

The credit union has revealed that its loan volumes were down by 4 per cent in the last financial year, adding that it was “impacted by extremely competitive market conditions” in the first ...

The major bank has revealed this week that two Chinese companies will acquire its 20 per cent stake in Shanghai Rural Commercial Bank.

The prudential regulator has revealed that it brought in supervisory measures for mortgages after finding that competition had eroded banks’ underwriting standards and had “the potential to ...

Australia is unlikely to experience a recession in the near future, but certain “vulnerabilities or excesses” in the economy should be addressed to avoid downturns, says AMP Capital.