Economy

Australia’s major banks are set to unveil a “relatively weak” set of numbers when they announce their 2015-16 first-half results early next month, according to UBS.

A recent report has revealed a drop in consumer confidence this week, slumping below its long-run average after a bounce back in the previous week.

Prime Minister Malcolm Turnbull has defended the Coalition’s position after coming under criticism for ruling out any changes to negative gearing.

The recent scandals in the financial advice industry has had a detrimental impact on confidence in the financial advisory process, according to a new report.

An AMP board member will postpone his retirement to become interim chairman of the group after it announced current chairman Simon McKeon will step down.

As opposition calls for a royal commission into the banking sector mount, the Australian Bankers' Association (ABA) has hired corporate law firm Gilbert+Tobin to review the industry's ...

Two Australian economists have warned that home loan fraud is rife in the banking system, alleging that lenders fudge loan applications and have “trashed” their own lending standards.

A majority of banking executives believe financial services will soon become an inter-connected digital ecosystem, but only 13 per cent of them are prepared for the new world, according to a ...

ASIC has permanently banned a Sydney finance broker from engaging in credit activities and providing financial services.

The RBA has warned that a fall in Chinese demand for Australian property could have serious consequences for local lenders. New figures suggest the slowdown has already begun.