Economy

Dec 1 2016

The Australian Competition and Consumer Commission has issued a draft determination proposing, on balance, to deny authorisation to three major banks and one regional bank to collectively ...

Dec 1 2016

After a sharp drop in the previous week, consumers’ view on the economic outlook in the next five years edged higher in the week ending 28 November.

Nov 30 2016

Australia’s 25-year recession-free stretch could come to an end if low rates continue to accelerate house prices and subsequently weaken demand and construction activity, according to the ...

Nov 30 2016

The latest quarterly ADI performance statistics from APRA reveal a significant fall in the return on equity for all Australian banks over the year to 30 September.

Nov 30 2016

Major financial services company AMP Limited has announced a series of changes to its senior leadership team, which will see three executives leave the organisation.

Nov 29 2016

The chief executive officer of one of Australia’s largest mortgage brokerages has said that it is “very likely” that home loan rates have hit the bottom of the interest rate cycle.

Nov 29 2016

The Credit and Investments Ombudsman has criticised the recommendation of the House of Representatives standing committee on economics that a single tribunal should be established for all ...

Nov 29 2016

A ratings agency has highlighted that the number of Australian mortgages in arrears in September was significantly higher than at the same time last year.

Nov 29 2016

The former chief executive of mortgage and wealth group Yellow Brick Road has secured a new position at a wealth management platform provider.