Economy

Genworth has recorded a significant fall in profits as lenders reduce their exposure to high-LVR home loans.

Moody’s Investors Service has affirmed its credit ratings for QT Mutual Bank (QTMB) following its announcement last week that it plans to merge with another lender.

The Credit and Investments Ombudsman (CIO) has welcomed Treasurer Scott Morrison’s announcement that the federal government will establish an expert panel to review external dispute ...

The US Federal Open Market Committee (FOMC) failed to mention global and financial risks in its statement last week, leaving open the possibility of a June 2016 rate hike, says a global ...

ANZ has restructured its mortgage team, replacing its third-party leader with a new head of broker distribution.

A closer look at one ASX-listed mortgage provider’s operations reveals the business is set to become a force to be reckoned with in the financial services sector.

An Australian mortgage manager has achieved a record-high level of loan volumes as a result of its partnership with a regional bank.

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.