Economy

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.

Australia’s largest non-bank lender has priced a $145 million issue of RMBS at 130 basis points over the bank bill swap rate.

A senior government official has delivered an update on the latest financial policies installed by Labor officials, calling out instances of bank misconduct as “disappointing”.

Leaders of several fintech groups have said the “significant friction” that exists within the traditional banking and finance system has made it “ripe for disruption” from technological ...

Reserve Bank governor Philip Lowe has indicated that rate cuts could be off the table as cheap money fuels record-high levels of household debt.

The majority of Australians are concerned that they will not have enough money to retire comfortably, new research has revealed.

Following the launch of its new banking technology, mortgage broking and banking solution company Rubik Financial has announced the signing of its first Rubik Model Bank client.