Economy

A number of headwinds are putting the profitability of the major banks under pressure, and the run of record-breaking profits in recent years is likely to have ended, says EY.

A leading non-bank lender has successfully closed off its first public commercial mortgage backed securitisation (CMBS) transaction of $280 million.

Professional services giant KPMG believes Australia's major banks will be “invisible” in less than 15 years, by which time customer service call centres and branch networks will be ...

Westpac CEO Brian Hartzer has called on the state and federal governments to make the most of the current low interest rate environment to finance infrastructure projects that would boost ...

At a warehouse in Walsh Bay on Monday night a diverse group of start-ups, fintechs, angel investors and mortgage lenders gathered to discuss the future of financial services.

Fresh figures from CoreLogic have found that auction clearance rates nationally are holding well above 70 per cent for the 15th week running.

The CEO of a big four bank says face-to-face service through proprietary channels will continue to be an important component of its mortgage distribution strategy, despite a decision to ...

Practitioners and trustees are underestimating the risks associated with off-the-plan purchases by SMSFs, with many trustees unable to obtain finance or settle, even after receiving ...

ANZ has announced the appointment of a new group executive to help transform the bank to “compete effectively in the digital age”.

CoreLogic and Veda have partnered to provide a new index that tracks the average loan-to-valuation ratio of mortgages across Australia.