Economy

Standard & Poor’s has affirmed the “strong” ranking assigned to Firstmac as a servicer of prime mortgages.

A new report has assessed more than 60 countries to determine which has the most competitive economy.

The prudential regulator is satisfied Australia’s major banks are now ‘unquestionably strong’ compared with their international peers, according to the benchmark set by the Financial System ...

ASX-listed lender DirectMoney is looking to further boost its lending and marketing capability by undertaking a capital raising.

Mortgage software company Decimal has appointed former NAB chief information officer Glenn Mescher to its newly created advisory board.

The weekend’s federal election results pose difficulties for the finance industry, with AMP warning of “greater policy uncertainty” under the next government.

ING Direct has made significant rate cuts on a number of its mortgage products for investors and owner-occupiers.

The total number of new dwelling approvals declined in May, following two consecutive months of increase, the Australian Bureau of Statistics has revealed.

An unresolved federal election and the unknown impacts of Brexit were believed to be the main drivers of the Reserve Bank’s decision to keep the official cash rate on hold.

Uncertainty surrounding the outcome of the weekend's federal election will have “limited credit implications” for Australia’s sovereign credit profile, according to Moody’s Investors Service