Economy

With the negative gearing debate refusing to go away, former prime minister John Howard has reminded voters of where it all went wrong.

AMP Capital’s chief economist says the US Federal Reserve is setting the scene for a second interest rate hike in the coming months, with US money markets pricing in a 28 per cent chance of ...

Non-bank lender Firstmac has priced $500 million in residential mortgage-backed securities (RMBS) at 150 basis points over the bank bill swap rate.

ASIC chairman Greg Medcraft has announced he will not seek a further term as chairman of the International Organization of Securities Commissions (IOSCO).

A second property organisation has come to the defence of investors in the wake of the industry’s debate on housing affordability, and has outlined two strategies to tackle the issue.

Increasing regulatory capital requirements could erode the strategic importance and creditworthiness of the big four banks’ subsidiaries, according to a major credit ratings agency.

The Australian Bankers’ Association (ABA) has appointed an independent expert to oversee the implementation of recently introduced measures by banks to protect consumer interests.

Standard & Poor’s (S&P) has assigned a AAA credit rating for three classes of Firstmac’s prime residential mortgage-backed securities (RMBS).

With bank culture under increasing scrutiny, one chief executive has identified the disconnection between what a company says its culture is and how it actually behaves.

Marketplace lending platform DirectMoney has been forced to offload some of its business to another lender to cope with an excess of loan applications.