Economy

The latest quarterly ADI performance statistics from APRA reveal a significant fall in the return on equity for all Australian banks over the year to 30 September.

Major financial services company AMP Limited has announced a series of changes to its senior leadership team, which will see three executives leave the organisation.

The chief executive officer of one of Australia’s largest mortgage brokerages has said that it is “very likely” that home loan rates have hit the bottom of the interest rate cycle.

The Credit and Investments Ombudsman has criticised the recommendation of the House of Representatives standing committee on economics that a single tribunal should be established for all ...

A ratings agency has highlighted that the number of Australian mortgages in arrears in September was significantly higher than at the same time last year.

The former chief executive of mortgage and wealth group Yellow Brick Road has secured a new position at a wealth management platform provider.

The board of an Australian challenger bank last week passed a resolution to confirm a merger with a technology-focused credit union.

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.

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 ...

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