Economy

A new report has warned that property investors could be hit by a severe housing downturn if credit growth moves into negative territory.

The Reserve Bank of Australia will keep the official cash rate on hold at 1.75 per cent, according to HSBC – with last week’s stronger GDP figures likely to calm fears about low inflation.

Bank of Queensland (BOQ) has announced the resignation of a non-executive director who was a key figure in the group’s partnership with Virgin Money.

Investors have been warned that the rapidly changing nature of the real estate market and data reporting could derail their portfolio growth.

Rabobank Australia has appointed its deputy chief executive as the non-major bank’s new head.

Only one of the five mainland states experienced growth in detached house sales during April, following a strong rise in March, according to figures by the Housing Industry Association (HIA)

Companies within the UK financial services sector could be forced to relocate to mainland Europe if British voters decide to leave the European Union on 23 June, according to an Australian ...

ASIC has banned the former director and in-house counsel of a failed non-bank lender from managing corporations and providing financial services for five years.

ASX-listed marketplace lender DirectMoney has established a loan referral agreement with MyState Bank.

Bank of Queensland’s restored focus on “sustainable” home loan growth has contributed to a stable credit outlook for the group, according to Standard & Poor’s (S&P).