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Economy

ISA finds mistrust of major banks remains high

A large proportion of Australians do not trust large banking institutions, with 71 per cent believing that scandals over poor financial advice points to ineffective governance, says Industry ...

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Bank caps LVRs on landlord loans

An Australian lender has announced new changes to limit investor home loan growth.

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UK mortgage arrears continue to fall

The latest data from the Council of Mortgage Lenders (CML) shows improved conditions in the UK mortgage market.

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Mortgage group announces securitisation plans

An ASX-listed mortgage group has announced its securitisation plans ahead of its full-year results.

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Mortgage price hikes tipped to continue

A leading market analyst says rising house prices will force the banks to continue raising capital and keep passing on higher home loan rates.

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Banks boost mortgage teams, recruit Chinese speakers

Australian banks are looking to bolster their credit assessment teams and are increasingly demanding bilingual candidates.

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IPA warns of looming economic crises

The Institute of Public Accountants (IPA) has released the Australian Small Business White Paper, outlining policy options designed to boost small business efficiency, productivity and ...

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S&P affirms Resimac's loan servicing strength

Standard & Poor's has affirmed the 'strong' rankings assigned to non-bank lender Resimac as a prime and sub-prime residential-loan servicer.

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RBA reveals the downside of rising house prices

The Reserve Bank of Australia has warned that rising property prices are creating risks in the economy and are unlikely to improve the wealth of nation.

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China dominates global bank rankings

Chinese banks account for four of the five largest banks in the world, after weakening currencies pushed both French and Japanese companies out of the top five.

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