Economy

Bernie Fraser has announced he will step down as ME Bank chairman after nearly 15 years.

Adelaide Bank has announced a new partnership with a Melbourne-based mortgage manager specialising in property investment.

Bendigo Bank has announced the appointment for a newly-created head of business banking role.

The prudential regulator has consented to Wide Bay Australia Ltd’s transition to a bank.

The central bank’s decision to lower the official cash rate could signal a new downward trend.

The pessimists might have to quieten down for the time being after building approvals reached record levels in 2014.

Treasurer Joe Hockey has urged Australian banks to pass on the RBA rate cut “immediately”.

Improvements in job availability and security were key contributors to household financial comfort reaching its highest level ever, according to a report by ME Bank.

An increasing number of borrowers are choosing to take out a variable-rate mortgage, as demand for fixed-rate loans hits a two-year low.

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