Bank profits fell by over a third in 2020
Annie Kane
Despite a surging mortgage market, bank profits dropped by over a third in the calendar year 2020, new APRA stats show.
Despite a surging mortgage market, bank profits dropped by over a third in the calendar year 2020, new APRA stats show.
Home buying spending intentions rose further in February, with the home buying market expected to play a key role in supporting the economy in 2021, according to CBA research.
Auction volumes spiked across the combined capital cities last week to the second highest number of weekly auctions over the year-to-date, according to figures.
Several MPs went head-to-head at the second reading debate in the Houses of Parliament, with members of the Opposition particularly concerne...
The non-major bank has completed the final stage of its equity raising, with the proceeds to be used to fund the acquisition of ME Bank for $1.325 billion.
The non-bank lender has reduced rates by up to 88 bps and waived some of its fees across its Prime Alt Doc range of home loans, effective 15 March.
The lender said it has shelved plans to offer an offset with its residential SMSF lending product after receiving advice that such products ...
Several consumer groups have condemned the Senate committee’s backing of the repeal of RLOs, calling it a “recipe for economic disaster...
APRA has closed its investigation of Westpac into possible breaches of the Banking Act 1959 in relation to allegations of breaches of anti-money laundering laws.
The Senate economics legislation committee has recommended that the bill repealing responsible lending laws be passed.
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