Shadow Treasurer Chris Bowen MP has renewed calls for a Royal Commission into the financial sector, adding that it should look into the “evolving architecture” of financial and prudential regulation.

A new research has revealed that nearly a third of Australians are planning to save their tax rebates this year, with 1 in 10 putting it towards mortgage repayments.

Chinese billionaire Wang Jianlin has spoken out amid reports that the Communist Party has instructed China’s largest lenders to stop financing Dalian Wanda Group, which has ambitions to own 33 million square metres of commercial property.

A Sydney-based broker has started securing funding from Asian investors after seeing the big four banks turn down “perfectly good” deals.

Draft legislation that enables first home buyers and older Australians to use their super for housing purposes has been released by government for consultation.

The Prime Minister has warned Australian borrowers to brace for interest rate rises while acknowledging the “high levels of indebtedness”.

The Australian Securities and Investments Commission has permanently banned a former finance analyst convicted of falsifying loan applications.

The major bank subsidiary has announced significant changes to its home loan rates as it looks to “balance the needs of customers, shareholders and regulators”.

The Reserve Bank has warned that recent competitive tensions in the home loan market are the key driver behind recent risky lending behaviours among the banks.

The percentage of Australian households in arrears has held at 1.21 per cent for the second month in a row, but the dollar value of the delinquencies has plunged, S&P reveals.