Economy

Fitch Ratings has revised its outlook on the Australian banking sector to negative from stable due to an increase in macroeconomic risks and high household debt.

The United States Justice Department and the District of Columbia have reached a US$864 million ($1.1 billion) settlement agreement with a global credit ratings agency.

US banks face increasing risk levels as underwriting standards continue to lower amid rising loan volumes, the US Office of the Comptroller of the Currency has said.

A major bank has decreased its one-year fixed rate for owner-occupied and investment home loans and increased its fixed-rates for longer terms, effective immediately.

A non-major lender has appointed a former Westpac mortgage executive to the newly created role of head of retail banking.

The US-listed fintech lender has announced that the former CFO of SocietyOne will soon join their ranks to assist the company with its next phase of growth.

Rental payments are taking up a greater proportion of household income, while mortgage payments remain in line with the historical average, which could boost housing demand, a global bank ...

The need for stamp duty reform in NSW has never been more urgent, according to the head of a major real estate franchise.

Having recently announced its launch into the mortgage market, the REA Group has now acquired a 15 per cent stake in an India-based online real estate group.

Morningstar analysts have suggested that a major lender could divest its remaining shareholdings in financial services groups across Asia after the bank announced its second asset sale in a ...