Economy

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.

Nearly a quarter of Australians worry about their finances on a daily basis, new research has found, which the CEO of Mortgage Choice has said is a “startling statistic”.

The global investment bank believes Chinese demand for Australian property will continue to grow and actually soften the blow of the “coming downturn”.

Listed non-bank lender Pepper has priced its $900 million Pepper Residential Securities Trust No 18 (PRS18) RMBS issue.

A judge has dismissed claims from a client that negligent advice from Commonwealth Bank-owned Count Financial resulted in the loss of their life savings.

The Commonwealth Bank has named its next group chief financial officer to replace the outgoing David Craig, who leaves the bank on 30 June 2017.