A major crackdown for home loans is on the cards to stop a growing problem caused by historically low interest rates and surging property prices.
The head of a major bank says steps need to be taken to cool Australia’s red-hot property market so we don’t have to follow in New Zealand’s footsteps.
The Commonwealth Bank is worried about Australia's heated housing market causing mortgage stress down the track.
Sydney soccer identity Bill Papas is accused of forging contracts to swindle millions - and today a court of the many difficulties plaguing the complicated case.
The biggest US banks appear to be sidestepping any fallout from the crisis at indebted developer China Evergrande Group that sparked a widespread selloff in stocks this week.
Jenny Surane, Hannah Levitt and Katherine Doherty
The bank will expect its oil and gas lending customers to publicly disclose goals aligned with Paris climate targets.
The homegrown lender banked a $16.7m annual surplus, but has called out the increasing competition for the specialist skills it is pursuing for its digital upgrade.
WA’s shift to a cashless society is gathering pace as the pandemic forces many to ditch the coins and colourful notes in favour of more convenient and germ-free digital options.
Australia’s biggest bank has admitted it made false or misleading claims to customers when selling add-on insurance, some of whom were unemployed.
The corporate watchdog has hit Members Equity Bank with 44 criminal charges over allegedly false and misleading information about home loan and interest rates.
Nicholas Moore has been appointed to chair a new federal body charged with assessing the effectiveness of the corporate and banking regulators
One of Australia’s big four banks has changed its name - and it’s taken inspiration from one thing.
NAB chief executive Ross McEwan has told federal politicians current COVID-19 lockdowns have not been as damaging as the restrictions imposed last year.
The investment bank has pointed to a near-doubled first half profit, sending its shares 5 per cent higher.
Cash is dead, long live contactless. Australians are continuing to shun ATMs, new official figures show.
Former senator and head of the Organisation for Economic Co-operation and Development Matthias Cormann says laws that dictate the tax paid by multinationals are ‘outdated’.
WA’s biggest private health insurer recorded an $80 million gain on its $1.7 billion investment portfolio last year, offsetting rising costs on its $250m IT upgrade.
Aussies have used the pandemic-induced lull in their lives to hunt around for a better bank deal, pushing the value of refinanced mortgages to record heights.
Rebecca Le May
The Reserve Bank has flagged addressing financial risks related to climate change as a key focus over the next year, while predicting a rapid recovery from COVID-19 once the economy reopens.
Danielle Le Messurier
The lender and pawn chain has recorded a rebound in lending, reporting a return to profit last financial year.
Young West Australians are giving up hopes of enjoying a Bali blowout anytime soon and are instead turning their attention to bricks, mortar and the great Aussie dream of owning a home.
Commonwealth Bank has avoided smirching its popular CommBank App with news about it being busted for an interest rate rort.
The revelation comes despite historically low interest rates and even before the full effects of long COVID-19 lockdowns on the east coast are considered.
Australia's fifth-biggest bank Bendigo had full-year cash earnings surge by more than 51 per cent and tipped the housing and jobs markets to keep improving.
© West Australian Newspapers Limited 2020