Economy

An industry veteran with proven lobbying skills has been appointed head of the Customer Owned Banking Association.

ASIC’s latest consumer financial confidence survey has revealed that more than half of Australian mortgage holders did not seek independent advice before obtaining a home loan.

The FBAA has reported a 32 per cent growth in memberships for 2013/2014 after growing 33 per cent in the previous financial year.

Fear of rising interest rates is causing an increasing number of borrowers to change their mortgage habits, according to new research.

Australia’s property auction clearance rates are set to exceed last year's figures, according to CoreLogic RP Data.

The UK central bank has announced a series of changes to enhance transparency, accountability and governance.

Narrowing the gap between mortgage risk weights of the majors and regionals will do little to change competition in the home loan market, according to Morningstar.

Deloitte has announced a new chief executive to replace outgoing CEO Giam Swiegers.

An Australian non-bank lender has announced a net profit before tax of $61m for the year ended 30 June 2014.

Western Australia has again been ranked the strongest residential construction market in the country.