Economy

A non-major lender is recommending reforms to the credit card market as the financial services industry braces for the next bank inquiry.

After a shock 0.5 per cent quarter-on-quarter drop in Q3, Australia’s GDP bounced back in Q4 by 1.1 per cent, according to ANZ.

Lenders’ mortgage books – particularly those of the big four – are showing “worrying” signs of more risk with a notable uptick in interest only loans, according to a market analyst

Despite the rate of national inflation growth rate falling to a 19-year low of 1.5 per cent last year, the governor of the Reserve Bank of Australia has said that he does not expect the rate ...

A big four bank has become the first Australian bank to issue a public offshore green bond, which is also the largest green bond from an Australian issuer.

Auswide Bank has reported that the value of loans approved during the first half of the financial year fell by 8.74 per cent to $269 million but that statutory consolidated net profit after ...

The former premier of NSW has joined a major bank as the new chief customer officer for corporate and institutional banking.

A major lender has appointed a new group executive of talent and culture in a move that it says will help create further momentum around its transformation.

The heads of fintech businesses have emphasised that the development of blockchain is “moving very quickly” and is likely to gain further traction in the financial industry this year.

The number of delinquent housing loans underlying Australian prime residential mortgage-backed securities rose by 20 per cent in December 2016 when compared with the previous year, but are ...