Regulation

The corporate regulator confirms six big banks have paid or offered more than $3 billion in compensation to its customers for financial advice-related misconduct.

The government has almost doubled the savings cap for rookie buyers working towards a house deposit under the First Home Super Saver Scheme.

The nation’s bankers are again calling on federal and state governments to commit to reforms to help combat financial abuse of the elderly.

Charges against Citigroup, Deutsche Bank AG and four senior banking executives alleging criminal cartel behaviour have been dropped by the CDPP.

The Administrative Appeals Tribunal has upheld the banning of former Provident Capital MD Michael O'Sullivan from managing corporations.

The Reserve Bank has emphasised the importance of lending standards as housing and business loans have bounced back following lockdowns.

Economists from the big four bank believe the RBA will commence hiking the cash rate from September, tipping it will reach 2 per cent by the end of 2023.

While its big four rivals steadily climbed in December, ANZ’s owner-occupier mortgage portfolio dipped.

Non-major lenders have been asked to state their case, for why they should be able to offer mortgages backed by government schemes for first home buyers and single parents.

Economists from the big four bank expect the Reserve Bank will hold off on raising the cash rate until wage growth accelerates, despite a spurt in inflation.