Economy

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.

More than 40 per cent of all Chinese buying inquiries in the year to date have been for Melbourne, making the southern city Australia’s destination of choice.

LMI provider Genworth has had its A3 credit rating downgraded by Moody’s, with the agency citing “high and rising level of tail risks” as the catalyst.

Fractional property investment company DomaCom has announced plans to introduce a new equity release product to the market, provided that it gets the regulator’s tick.

Industry super fund-owned bank ME has reported a 14 per cent increase in underlying net profit after tax to $85.2 million for the 2017 financial year.

Ratings agency Morningstar has described as “exaggerated” a report from UBS which claims that Australian banks hold $500 billion in “liar loans”.