Economy

ASIC has imposed additional conditions on the Australian financial services licence of Macquarie Bank following breaches of client money provisions.

A prominent industry economist has urged the federal government to show more leadership on housing supply and policy reform, or risk a downturn in Australia’s economy.

The US Federal Reserve has decided to leave interest rates on hold, but one economist believes a June hike could be on the cards.

The Commonwealth Bank has regained a significant portion of broker-originated home loans as the majors look to win back market share.

A global telecommunications provider has released a new report that provides a first-hand look at cyber security investigations, including those involving the financial services sector.

Fresh figures have revealed that business conditions bounced back significantly last month.

The prudential regulator has warned Australian banks that inaccurate reporting of mortgage data has serious ramifications for monetary policy and financial stability.

The head of a national real estate network has warned that “mums and dads” who paid deposits on multiple off-the-plan properties could be at risk if valuations fail to match prices.

Liberty Financial has been assigned an AAA rating for three classes of its residential mortgage-backed securities (RMBS).

New figures show that vacant land prices increased across every state capital city in 2015, with four experiencing double-digit growth.