Economy

The head of a national real estate group has slammed the banks for hiking their variable home loan rates for owner-occupiers, claiming they are only focussed on monetary gains.

The Federal Court has awarded penalties totalling $1.25 million against a consumer leasing company for breaching consumer credit laws, including its responsible lending obligations.

Non-bank lender Firstmac has received AAA credit ratings for four classes of its prime residential mortgage-backed securities (RMBS).

Heritage Bank has paid tribute to retired CEO John Minz, who completed his last day in the role yesterday.

Industry super fund-owned bank ME has put its $60 million profit down to strong growth in home lending over the 2015 financial year.

ThinCats Australia has celebrated its first-year anniversary this week, welcoming a well-known finance commentator as a new shareholder.

The issues of housing affordability and corporate greed are at the centre of a new film featuring two Hollywood stars.

Customer satisfaction among the big four banks is still “historically high” despite levels dipping over the six months to October 2015, new research has revealed.

A former chief executive has been jailed for over four years for forging company documents to access bank credit.

Consistent above-average business conditions are helping reassure that economic recovery in the non-mining sector is gaining further traction, according to NAB.