Economy

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.

The number of prime Australian housing loans in arrears has risen for the fifth consecutive month, new figures have revealed.

The idea that the US is driving the global economy is “laughable”, according to a global investment management firm.

A prominent economist has forecast the cash rate to fall to 1.25 per cent by the end of 2016 due to record-low wages growth and a high Australian dollar.

The Property Council of Australia has urged the NSW government not to make it harder for families to afford a home by increasing the land tax and stamp duty for foreign investors.