Economy

Nov 28 2016

Two Australian banks, including one of the big four, have admitted to attempting to engage in cartel conduct in relation to the benchmark rate for the Malaysian ringgit.

Nov 28 2016

The Coalition's inquiry into the four major banks has recommended the establishment of a banking tribunal to replace the current external dispute resolution (EDR) schemes no later than 1 ...

Nov 25 2016

A major bank-owned lender has increased its standard variable rates for owner-occupiers and investors.

Nov 25 2016

A parliamentary report of the major banks has labelled the big four an “oligopoly” and highlighted the “surprising” lack of regulation that has allowed the majors to harness significant ...

Nov 25 2016

A shock fall in construction work has wiped 0.7 percentage points off Q3 GDP, the largest subtraction since the collapse in housing construction in 2000.

Nov 25 2016

Risks to global banking sector credit quality remain significant for 2017, according to a report by S&P Global Ratings.

Nov 25 2016

The superannuation savings pool increased by 7.4 per cent to $2.1 trillion in the 12 months to September 2016, the latest statistics from the prudential bank regulator have revealed.

Nov 24 2016

The chairman of a mutual bank says the group’s decision not to hike home loan rates out of cycle in 2015 has led to a significant fall in profit.

Nov 24 2016

Australian bank returns could be stymied by the poor growth expected in the sector over coming years, according to boutique fund manager Alphinity.