Economy

May 26 2017

The federal government has conceded that it is keeping a close eye on the residential property market amid growing concerns over household debt levels and a drop-off in demand from Chinese ...

May 26 2017

S&P’s decision to downgrade credit ratings for almost all Australian financial institutions, bar the four major banks, has been condemned by the the chief executive of a regional bank

May 25 2017

Senior economists agree that interest-only loans do pose a threat to the nation’s banks after a report likened them to the sub-prime mortgages that triggered the financial crisis.

May 25 2017

New research into the viability of a major Australian mortgage brokerage has flagged mounting challenges for the third-party channel.

May 24 2017

Following announcements from the big four banks of the estimated costs of the new ‘big bank levy’, Deutsche Bank Australia has suggested that the tax rate may be too low to raise the $6

May 24 2017

The chief executive of a regional bank has explained how the group is responding to increased regulatory action after reporting modest growth in its mortgage portfolio.

May 24 2017

Andrew Harmos has been appointed to the AMP board as a non-executive director.

May 24 2017

The number of delinquent housing loans underlying Australian prime residential mortgage-backed securities in March fell to 1.16 per cent from 1.23 per cent a month earlier, according to ...

May 23 2017

Three of Australia's largest non-major banks and 20 more financial institutions have been hit with a ratings downgrade by S&P after the agency warned that lenders now face an “increased ...