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Economy

CBA named top bank for customer privacy

The Commonwealth Bank has been recognised as the highest-ranked commercial organisation in Australia for consumer privacy by a global financial advisory group.

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House prices go crazy in suburbs near and far

There are 13 places throughout Australia where house prices have at least doubled in the past five years.

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Moody’s gives verdict on NZ banking system

Credit ratings agency Moody’s Investors Service says the outlook for New Zealand’s banks are “Aaa stable” based on healthy capitalisation, asset quality and profitability.

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Climate change becoming 'top concern': BNP Paribas

Over half of financial services executives have identified environmental, social and governance (ESG) issues as the top concern over the next decade, according to a new survey by BNP Paribas

mortgagebusiness
Bank app to simplify house hunting

A new app designed by a non-major bank aims to reduce the amount of time and money consumers spend searching for a home.

mortgagebusiness
Banks tighten screws, but investors still buying

The head of one lender has described APRA’s continued efforts to reduce investor lending as “ineffectual”, suggesting the moves are satiating short-term political will rather than developing ...

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‘Stable’ outlook for Australia’s banks

The outlook for Australia’s banking system is “stable” despite an increasingly challenging operating environment, according to a leading credit ratings agency.

mortgagebusiness
Economist extends cash rate forecast

One industry economist has changed his forecast that the Reserve Bank will reduce the cash rate to 1.5 per cent by the end of the year, but is sticking by his call on the Australian ...

mortgagebusiness
Conditions and confidence rise among SMEs

A prominent business survey has reported an increase in both business conditions and confidence in the SME market, rising by two points overall in the June quarter.

mortgagebusiness
RBA ends suspense with interest rate announcement

The Reserve Bank of Australia has delivered the result of its monthly board meeting.

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