Economy

A non-major bank that entered the third-party channel last year has been crowned Australia’s best customer-owned institution.

The New South Wales government has confirmed that three business taxes will be abolished from 1 July following the unveiling of the state budget today.

Industry super fund-owned bank ME has today announced further rate cuts for owner-occupiers and investors.

Australia’s non-bank lenders are in desperate need of alternative funding as securitisation markets fail to deliver, according to mortgage market analysts.

A global investment bank believes securitisation could hold the key for Chinese banks to improve their asset quality as China’s non-performing loans continue to rise.

Melbourne’s housing market is “nearing a peak and could be entering a slump”, according to a new report.

One of Australia’s largest non-bank lenders has been put on the market, with reports suggesting the company could be worth up to $500 million.

Peer-to-peer (P2P) lender ThinCats Australia has received a significant funding commitment as it continues to grow its presence in the business lending sector.

A leading accountancy firm has hit back at the NSW government’s plans to charge foreign property buyers a 4 per cent stamp duty, warning that the state risks damaging its property industry

Videoconferencing platform SuiteBox has expanded its board of directors, following plans to ramp up its services in the Australian market.