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Economy

RBA rate announcement

The Reserve Bank of Australia has announced the result of its monthly meeting following a period of intense market speculation.

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Major bank run-off spikes as customers pay down debt

A major Australian lender has recorded a significant increase in its residential loan book run-off and below-system mortgage growth in its results for the first half of 2015.

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Rate decision too close to call

Industry experts are divided on whether the Reserve Bank of Australia will move the cash rate to a new record low.

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Case mounts against ‘friendless’ tax

The Customer Owned Banking Association says opposition is mounting against the government’s proposed deposit levy.

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Mortgages becoming 'problematic' in hottest markets

A new report has warned that new mortgages in Sydney and Melbourne are at risk of default when rates eventually rise.

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RBA announces surprising interest rate decision

The Reserve Bank of Australia has announced the result of its monthly board meeting.

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Majors lose mortgage market share

Fresh figures from the prudential regulator reveal two big banks lost market share over the 12 months to March.

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Most Australians don’t trust bank managers

Bank managers are increasingly losing the respect and trust of their customers, according to a new survey.

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Deloitte flags 'seismic shift' in financial system

Deloitte lead partner Kevin Nixon has spoken out about significant changes to the global financial system and the impact on the business models of major banks.

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Bank hit with billions in fines

Authorities from the United Kingdom and the United States have issued Deutsche Bank a number of fines totalling US$2.5 billion for manipulating its interbank lending rates.

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