Economy

The Australian Competition and Consumer Commission (ACCC) has announced that it will not oppose a bid by one of Australia’s biggest challenger banks to acquire a lending business from ANZ

APRA chairman Wayne Byres has stressed that banks require "more than just plenty of capital" to be considered 'unquestionably strong'

Major Australian cities are on track for a price correction due to an excess of homebuilding activity, according to BIS Shrapnel's managing director.

An Australian non-bank lender has recorded a surge in lending to Chinese buyers and says other non-banks are also filling a void created by the major banks.

AMP Capital chief economist Shane Oliver is confident that new Prime Minister Malcolm Turnbull will address Australia's economic challenges.

WA-based lender Goldfields Money has confirmed the termination of David Holden as its chief executive after recently reporting strong growth in lending activity for 2014-15.

Auction volumes have increased across the combined capital cities but total clearance rates remain lower than 2014, according to CoreLogic RP Data.

Two Australian banks and one credit union are working with an Australian fintech company that allows borrowers to set their own home loan rates.

Deloitte Australia CEO Cindy Hook has appointed a former army chief as a special adviser on leadership to further strengthen the group’s commitment to developing leaders.

A new report has found that less than 50 per cent of brokers would actively recommend their main lender to friends and colleagues.