Economy

With bank culture under increasing scrutiny, one chief executive has identified the disconnection between what a company says its culture is and how it actually behaves.

Marketplace lending platform DirectMoney has been forced to offload some of its business to another lender to cope with an excess of loan applications.

Moves by governments and banks that make it more difficult for foreign investors to purchase new property could lead to higher prices, one real estate group has warned.

HSBC Australia chief economist Paul Bloxham says this month’s RBA rate cut was a close call, and the central bank is likely to wait until the second quarter inflation figures are published ...

While they generally agree that broker market share will hit 60 per cent, Australian lenders are heavily doubting whether traditional branches can make up the remaining 40 per cent of volume

A fintech start-up that delivers leads to mortgage brokers has successfully raised funds to upgrade its resources and marketing reach.

Better Mortgage Management (BMM) has slashed interest rates and increased the maximum loan amounts for several of its home loan products.

Fresh figures have recorded an increase in consumer confidence levels, following a period of steady decline.

Mortgage and banking technology provider Rubik Financial has been selected by MyState Limited to help transform the group’s digital channels and customer experience offering.

In his final speech at AMP’s annual general meeting last week, former chairman Simon McKeon said the financial services industry “needs to do better” when it comes to culture.