Economy

Australia’s high level of foreign indebtedness represents a “very large vulnerability” for the major banks and the economy as a whole, says S&P Global.

JP Morgan has warned that widespread price discounting in the mortgage sector could soon end as the major banks face the task of preserving mortgage profitability.

A fintech mortgage service has launched an ad campaign aimed at targeting the “growing number of people” who prefer the mortgage process to be a primarily digital experience.

The prudential regulator has revealed it will investigate the remuneration practices of banks, insurance companies and superannuation firms as it looks to promote good risk culture.

A leading financial services executive has been appointed CEO of a newly-licenced Australian bank.

The Reserve Bank of Australia has said that the nation’s banks remain “well placed to address the risks they face” despite their performance having deteriorated from a “very strong position” ...

The chairman of one of Australia’s largest mortgage brokerages has slammed proxy advisers who recommended shareholders vote against the ASX-listed group’s remuneration package.

The Australian mortgage market is on track to deliver a record year of RMBS issuance, but investors are keeping a close eye on how changes to mortgage broker remuneration could impact credit ...

Australian house prices are facing a downswing over the next two years, but a crash in prices remains unlikely, according to a leading economist.

The non-major bank has announced changes to its retail home lending special offers, improving variable discounts for new customers.