Economy

Sep 13 2016

Amid increasing broker concerns over “crazy turnaround times” on home loans, the head of one of Australia’s largest mortgage lenders has said that the turnaround time on mortgage products is ...

Sep 13 2016

Regulatory action since the GFC has reduced the systemic risk posed by the 'interconnectedness' of financial entities, but more remains to be done, argues incoming RBA governor Philip Lowe

Sep 13 2016

Treasurer Scott Morrison has named the new deputy governor of the Reserve Bank of Australia, filling the vacancy created by Philip Lowe's promotion to governor.

Sep 12 2016

The managing director of a non-major lender says M&A activity in the mutuals space is “inevitable” and has revealed the bank’s future acquisition plans. 

Sep 12 2016

Fresh figures have revealed that the current low interest rate environment continues to drive demand for fixed rate home loans, which accounted for 20.32 per cent of all loans written in ...

Sep 9 2016

An esteemed American economist and Nobel Laureate says slow growth and the climbing capital shortfall of international financial groups poses a serious risk to the global economy.

Sep 9 2016

One of Australia’s biggest banks has refunded approximately $20 million to 820,000 customers for failing to clearly disclose the types of credit card transactions that attract foreign ...

Sep 9 2016

Master Builders Australia CEO Wilhelm Harnisch says the recent surge in building approvals is nothing to be concerned about.

Sep 9 2016

Fintech company Avoka, which provides digital customer acquisition services for financial services companies, has achieved a record level of orders in fiscal 2016.