Economy

The Reserve Bank of Australia has played down the significance of the government's bank levy, noting it is "not particularly large" compared to movements in bank funding costs.

An ex-Bank of New Zealand chief financial officer has been announced as the new CFO at Latitude Financial Services.

Following AMP’s decision to reduce LVRs on investor loans, a second challenger bank has this week announced significant lending changes.

Growth in house prices will slow or possibly decline over the next two years as regulatory measures and tighter credit weigh on Australia’s booming apartments market.

Morningstar remains “cautiously optimistic” about Australia’s largest mortgage providers despite this week’s credit rating downgrade by Moody’s over housing market risks.

The corporate regulator is working with the Australian Federal Police on an investigation into “suspicious trading” of major bank shares ahead of the announcement of the new bank levy in ...

There has been little change in bank fees paid by households as more than 900,000 new home loans were provided by Australian banks in the last year.

Moody’s Investors Service has downgraded the credit ratings of 12 Australian banks including the major lenders, citing ‘elevated’ debt in the housing sector.

A major bank has announced further interest rate increases but says they are not in response to the bank levy.

A non-major lender has appointed a new chief economist and head of research for the Asia-Pacific region.