Economy

Dec 16 2016

The aggregate level of business conditions dropped in November, falling to its long-run average for the first time since April 2015, which according to NAB suggests that the non-mining ...

Dec 15 2016

A regional bank has announced an increase to variable interest rates and adjustments to fixed rate loans, including a 26 basis point increase for one of its products.

Dec 15 2016

An Australian mortgage provider has announced the appointment of a new group chief executive.

Dec 15 2016

A leading real estate group has challenged the NSW treasurer’s claim that the state government is improving housing affordability by focusing on new supply to put downward pressure on prices

Dec 15 2016

The ASX-listed diversified financial services firm announced earlier this week that Apple Pay is now being offered to customers of its subsidiary card brands.

Dec 14 2016

A non-major bank has today announced a range of changes across its fixed and variable rate home loans, including a 10 basis point cut to one of its products.

Dec 14 2016

A leading Australian economist has predicted that the Reserve Bank of Australia will “reluctantly” cut interest rates next year, due to concern over house prices.

Dec 14 2016

Australian banks need to refrain from using “negative and often self-serving rhetoric” in order to rebuild the community’s trust in the system, according to Westpac.

Dec 14 2016

The asset quality of the big four banks is likely to come under pressure from “multiple headwinds” in 2017, says Moody’s Investors Service.