Economy

An Australian non-major bank’s acquisition of an asset finance and leasing business has paid off by proving to be the group’s strongest distribution channel for residential mortgages

Pepper Group’s Irish subsidiary has signed a new contract with a UK banking group to provide third-party asset servicing for its residential loan portfolio.

The chief economist of a prominent ETF provider predicts a decline in home loan approvals when the latest figures are released today by the Australian Bureau of Statistics (ABS).

ANZ has announced the sale of its dealer finance portfolio to a challenger bank.

The SMSF Association (SMSFA) has warned that SMSF trustees are becoming involved with illegal and risky limited recourse borrowing arrangements (LRBAs) involving the use of in-specie ...

One of Australia's biggest challenger banks has named the Sydney suburbs it is currently monitoring after experiencing significant volumes of home lending to residential property investors

Moody’s Investors Service says a reduction in the proportion of investment loans in Australian RMBS is positive for such deals as it reduces the number of riskier mortgages in RMBS pools

Moody’s Investors Service believes the major Australian banks will continue to accumulate capital for some time despite completing a series of capital management initiatives in recent months

Master Builders Australia CEO Wilhelm Harnisch has said Scott Morrison’s call for national leadership to improve housing affordability is a long-held view of the association.

The "oligopolistic" Australian banking sector will need to spend "more and faster" on IT infrastructure in order to keep up with technological change, according to an AMP Capital report.