Economy

The potential for Brexit negotiations to be “hijacked by emotion” rather than level-headed discussion poses new challenges for banks across Europe and the UK, according to KPMG.

More than 8 in 10 Australians are unwilling or unsure to use the family home to fund their retirement, despite the average home owner holding around $442,000 of equity in their property, new ...

The total loan portfolio on the Australian books of individual banks has reached a new high of $1.51 trillion, after rising by 0.65 per cent in the month ending 30 November 2016.

Suncorp has today announced it will increase its variable interest rates on new and existing owner-occupier home loans by 0.15 per cent p.a. from 23 January 2017.

A series of new partnerships between banks, aggregators and tech-savvy operators is changing the way home loans are distributed in Australia.

ANZ yesterday announced it had reached agreement to sell its 20 per cent stake in Shanghai Rural Commercial Bank (SRCB).

Fears that incoming US president Donald Trump will have a negative impact on the Asian bond and equity market are over-inflated, according to global asset manager AllianceBernstein.

Leading market commentator and fund manager Christopher Joye says property prices will drop by up to 25 per cent as falling returns force the banks to lift mortgage rates.

The Australian economy is “weak, but relatively benign”, despite low interest rates and unemployment levels, the CEO of a mortgage insurance group has revealed.

Standard Life Investments has made Archie Struthers its new head of investments, ahead of the retirement of the current head of investment process, Bill Lambert.