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MP quizzes banks on super for housing

Liberal MP Tim Wilson has grilled the major banks on what regulatory changes would be needed to allow first home buyers to drain their superannuation for house deposits.

BNK chair steps down

The chairman of BNK Banking Corp has resigned, prioritising his work as chief of a business lender.

RBA deputy governor reappointed

Dr Guy Debelle has been reappointed as the central bank’s deputy governor for another five years, effective in September.

Lowe stays firm on cash rate outlook

The Reserve Bank governor has insisted that Australia is unlikely to reach the prerequisites for raising the cash rate sooner than 2024, despite clashing industry speculation.

ABA launches Banking Code review

The Australian Banking Association has commissioned an independent review of the Banking Code of Practice, with an industry consultation calling for submissions.

Westpac exits insurance businesses

Westpac has sold its New Zealand life insurance business for $373 million, after offloading its local general insurer for $725 million.

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