Economy

Aug 22 2016

Virgin Money has announced that it is doubling the number of Velocity Frequent Flyer Points new borrowers can earn at settlement of their home loans.

Aug 22 2016

Australia’s building industry is facing a crisis as overseas investors retreat following changes to foreign investment regulations.

Aug 19 2016

The big four Australian banks (ANZ, Commonwealth Bank of Australia (CBA), NAB, and Westpac) and 32 other financial institutions are being sued in a US court case regarding bank trading and ...

Aug 19 2016

A non-major bank has bucked the trend of the big four by lifting its margins over the year to 30 June, a period marked by “intense” competition and heavy discounting.

Aug 19 2016

Accounting and professional services company BDO has appointed “bank whisperer” Peter Winterflood to its partner ranks and made former Suncorp restructuring executive Darren Stacey an ...

Aug 19 2016

Ratings agency Moody’s Investors Service has affirmed Australia’s AAA credit rating, saying its strong institutional frameworks and economic resilience have contributed to a stable outlook

Aug 18 2016

Morningstar analysts have maintained their forecast for one major lender’s net interest margin to fall as a result of strong competition and higher funding costs.

Aug 18 2016

The RBA cut interest rates in August in part to avoid the "complications" of an appreciating Australian dollar for domestic growth.

Aug 17 2016

After seeing a significant increase in mortgage settlements through the third-party channel, one bank has announced a fresh offering for brokers.