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Economy

Mortgages becoming 'problematic' in hottest markets

A new report has warned that new mortgages in Sydney and Melbourne are at risk of default when rates eventually rise.

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RBA announces surprising interest rate decision

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

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Majors lose mortgage market share

Fresh figures from the prudential regulator reveal two big banks lost market share over the 12 months to March.

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Most Australians don’t trust bank managers

Bank managers are increasingly losing the respect and trust of their customers, according to a new survey.

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Deloitte flags 'seismic shift' in financial system

Deloitte lead partner Kevin Nixon has spoken out about significant changes to the global financial system and the impact on the business models of major banks.

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Bank hit with billions in fines

Authorities from the United Kingdom and the United States have issued Deutsche Bank a number of fines totalling US$2.5 billion for manipulating its interbank lending rates.

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Regional bank outclasses majors

Bendigo and Adelaide Bank has been named Australia’s most reputable third-party bank as part of an annual global study.

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Murray warns: 'watch out' for non-banks

FSI chairman David Murray has spoken out about his concern over non-bank lenders and new entrants into the Australian mortgage market.

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Fair game and the Australian mortgage playing field

Distortions in the Australian mortgage market were debated at length last week by the FSI's David Murray and a number of Australian bank chiefs.

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FHB demand high despite affordability constraints

Property interest remains high despite housing affordability being an increasing concern for FHBs, according to the 2015 QBE Barometer report.

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