Economy

The Australian Bankers’ Association has voiced its support for the majority of recommendations made by the independent review of the Code of Banking Practice.

Low interest rates and a “rapidly changing” operating environment contributed to a 6 per cent drop in the Bank of Queensland’s profits for the first half of the 2017 financial year, ...

Gateway Credit Union has received a five-star rating from CANSTAR for its variable home loan package for both owner-occupiers and investors.

ME has today announced that it will increase its investor home loan reference rates by 25 basis points, effective 27 April 2017.

Entrepreneur and Count Financial founder Barry Lambert has warned that there could be “hard times ahead” for mortgagors as banks begin increasing interest rates.

Banks’ funding costs have remained quite stable since the middle of last year, according to a Reserve Bank economist.

ANZ has announced a financial relief package for customers affected by Cyclone Debbie in far north Queensland, including the suspension of loan repayments for up to three months.

In the latest move on interest rates, a non-major bank has announced that it will increase the standard variable rate on two of its investor home loan products by 0.25 per cent from Tuesday, ...

Challenger bank AMP has announced that it will be increasing variable rates for interest-only loans and owner-occupied principal and interest loans.

The Financial Services Council has appointed AMP’s group executive for advice and New Zealand to its board of directors and to the role of co-chair of its Advice Board Committee.