Economy

The superannuation savings pool increased by 7.4 per cent to $2.1 trillion in the 12 months to September 2016, the latest statistics from the prudential bank regulator have revealed.

The chairman of a mutual bank says the group’s decision not to hike home loan rates out of cycle in 2015 has led to a significant fall in profit.

Australian bank returns could be stymied by the poor growth expected in the sector over coming years, according to boutique fund manager Alphinity.

New research has found that many Australians now pay their bills with a few taps of the finger as banks beef up their mobile and digital-banking offerings.

A leading non-major lender has today announced a range of rate increases across its mortgage products for both owner-occupiers and investors.

First home buyers who take out a mortgage in today’s market pose a significant risk to lenders due to changing labour conditions, peaking property prices and potential rate hikes, according ...

Non-conforming RMBS deals have played a greater role in the Australian securitisation market over the past year with some recent issues larger than any subprime deal since 2007.

The head of Commonwealth Bank of Australia’s South African business is to become the new managing director of Bankwest at the end of January next year.

The Australian Bankers’ Association has released a new industry guideline to help bank staff be more aware of the impacts of financial abuse as a result of family and domestic violence.

The number of property transactions across NSW have hit a four-year low as homeowners elect to undertake renovations rather than sell their properties in a bid to avoid stamp duty.