Economy

A sharp economic downturn is the biggest fear for Australia's banks and broker groups as they attempt to map the future growth of mortgage settlements.

A new employment report points to positive signs for NSW financial services jobs in the second quarter of 2015.

The Reserve Bank of Australia has warned that strong investor demand could lead to risks of an oversupply of units in Melbourne and Brisbane.

Eight financial institutions including two major banks have shared their thoughts on the opportunities available in online mortgage distribution.

MyState has announced the appointment of Paul Moss as its general manager of technology and operations.

A former major bank executive has been jailed for 11 years for his involvement in a tax fraud involving a major lender and its clients.

A former global bank adviser has flagged the competitive advantage of the major lenders as digital disruption hits the international financial system.

The MFAA has lobbied treasury for increased competition in the lending space with a fresh submission in response to the Financial System Inquiry final report.

Paul Hutchinson has resigned as CEO and managing director of Bendigo and Adelaide Bank’s wholly-owned subsidiary, Rural Bank.

Australia’s fifth biggest lender has seen strong growth in its home loans after offloading billion dollar tranches of its non-branded mortgage assets over the last 12 months.