Economy

One of Australia’s largest regional banks has achieved above system mortgage growth, driven by two critical distribution channels, over the six months to 29 February.

Several Australian banks – including the big four – may soon face a tough new challenge after the prudential regulator outlined plans to target their reliance on short-term wholesale funding

Short-term lender Assetline has launched a new company after identifying a “massively untapped area” in the market.

Qantas Credit Union has officially changed its name, and unveiled a new website and banking app, in a bid to differentiate itself from its competitors.

New home building began recovering in February following a decline in January, according to new data from the Australian Bureau of Statistics.

Auswide Bank managing director Martin Barrett says the lender is “stronger, fitter and more capable than ever” after celebrating its 50-year anniversary.

P&N Bank has credited an online platform for increasing its efficiency in property settlements and achieving a significant digital banking milestone.

Despite the recent spike in the Australian dollar, industry figures have labelled the Reserve Bank’s April cash rate decision as unsurprising.

The structural deterioration of Australia’s fiscal position over the past decade has left the economy exposed to the next global economic downturn, one economist has warned.

The Reserve Bank of Australia has announced the decision of its monthly board meeting.