Economy

A listed Australian bank has priced its fourth Senior Unsecured Floating Rate Note.

The Australian-Israel Chamber of Commerce NSW has announced the appointment of a new chief executive as the company pushes forward with new growth strategies.

Credit ratings agency Moody’s has changed the outlook for Australia’s banking system from stable to negative, reflecting an increasingly challenging lending environment.

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.

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

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 ...

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.

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 ...

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

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.