Economy

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.

Sluggish growth combined with severe market turmoil has heightened the risk of the global economy heading towards recession, one economist has warned.

St George at Barangaroo has become the first bank branch and the first retail fit-out in Australia to receive a 6 Star Green Star – Interiors rating from the Green Building Council of ...

ASIC has revealed that the banks will be footing the bill for the additional funding required to expand its investigations into the mortgage industry, including broker remuneration.

Bank of Sydney has today announced that it has reduced its three-year fixed rate for owner-occupiers.

An Australian lender has confirmed it will change its name in May after receiving banking status approval from APRA.

Federal Treasurer Scott Morrison has this morning confirmed how the government will proceed with reported changes to surveillance of the banking and financial system, following speculation ...