Economy

Australian banks are not the most profitable in the world, or even the most profitable companies in the country, according to the Australian Bankers’ Association (ABA).

House price growth in Sydney, Melbourne and Brisbane was strong enough to bring the combined capital city home value up by one per cent in October, despite no growth recorded in all other ...

Listed non-bank lender Homeloans Ltd has bolstered its NSW team with the appointment of two new credit managers to support its broker network.

The US Federal Reserve has ended its asset purchase program but will keep rates low as its economy continues to recover.

AMP Limited has revealed plans to create a “strategic foothold” in China’s growing enterprise annuity market, announcing it will acquire a stake in China Life Pension Company Limited

The sale of high-rise or multi-unit dwellings jumped 11 per cent over September, according to the HIA.

A key figure in the non-bank lending space has accused the banks of tarnishing the reputation of low-doc loan providers.

Australia's biggest Reserve Bank Survey shows no change expected to the cash rate on Tuesday, but borrowers can expect rates to rise next year followed by a downward cycle as soon as 2017.

The Reserve Bank has pointed to recent downturns in the Australian property market as evidence that rising house prices cannot continue forever.

Bank of Queensland (BOQ) has priced a new five-year funding transaction, raising $600 million through the issue of $425 million five-year floating rate notes and $125 million five-year fixed ...