Economy

One analyst has claimed that “a very high correlation” exists between house prices and consumer sentiment.

Australia’s biggest banks have launched a passionate defence of their wealth management business models.

Record-low interest rates will probably be needed to keep the economy on track, according to Shane Oliver.

Bank of Queensland has announced the appointment of Jon Sutton as its chief executive, effective immediately.

Centrepoint Alliance has secured a new funder and increased its finance facility by 30 per cent.

The Credit and Investments Ombudsman has announced an increase in the monetary compensation limit available to complainants to $309,000.

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

It was an action-packed year that featured several financial scandals, vital moves on the regulatory front and a hint that a massive third-party shake-up may be on the way.

Australia’s major banks are forecast to continue performing strongly in 2015 and are said to be well-positioned to weather a mild recession.

A new chief executive has been unveiled to take the reins at Mortgage Choice.