Economy

The South Australian government’s proposed $370 million levy on Australian banks has been labelled an “outrageous cash grab” by the Australian Bankers’ Association.

Superannuation member fees have fallen by almost a quarter of a per cent in the last 10 years, and superannuation consultancy firm Rice Warner expects the benefits of scale to carry this ...

More and more households are falling behind on their mortgage repayments as a result of rising home loan interest rates.

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.