Economy

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).

Lower loan sizes and moderate increases in income have been good news for Australia’s housing affordability.

With $19 billion of common equity capital raised in 2015, Moody’s Investors Services says Australia’s banks are well placed to absorb any “adverse shocks” as signs emerge that the credit ...

The Australian Bankers’ Association has strongly rejected the Greens’ proposal to break up Australia’s major banks, and has called on the Australian Labor Party to do the same.

The founder and managing director of ASX-listed financial services provider Pioneer Credit has joined the board of directors of WA-based lender Goldfields Money.

There was a sharp drop in business confidence this month following the federal budget, despite the share market recording a slight improvement, according to Roy Morgan Research.

Property prices are tipped to plunge significantly due to a massive oversupply of apartments, as developers continue to secure funding despite the banks pulling back on lending.

Credit Union Australia (CUA) has made a significant change to its investor lending policy as it continues to meet APRA’s annual growth cap of 10 per cent.