Economy

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 ...

A big four bank has written to shareholders to warn that the new ‘big bank tax’ could cost the bank approximately $370 million per annum and could impact shares by 8 cents.

More than half of Australian mortgage holders would need to sell assets or rely on family and friends if they faced long-term unemployment, new research has revealed.

Dentons has outlined that there are a number of “practical issues” that may arise from the proposed Banking Executive Accountability Regime, depending on what the regime eventually looks ...

A foreign-owned bank has revealed that it researched the mortgage distribution strategies of its global network before deciding to return to the Australian broker market.

Australia has retained its AAA rating from S&P Global Ratings in the aftermath of the federal budget, but the country will remain on ‘negative watch’.

The Australian Housing and Urban Research Institute (AHURI) has called for “targeted” government intervention to remedy “structural impediments” to the trickle-down of housing supply

The Australian Bankers’ Association says it is “shocked” by the federal government’s move to have major banks sign confidentiality agreements before releasing the draft of the bank tax ...

Bankwest has dropped its three-year introductory rate for owner-occupiers on one of its home loan products.

Australian parents say they’re worried about housing affordability, with the overwhelming majority “deeply concerned” about their children’s financial future.