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Economy

Banks call for govt to fix mortgage framework

Four banks have called on the government to act now to repair the ‘inequitable’ framework currently allowing some banks ‘huge’ advantages in risk-weighting their home loans.

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Digital disruption on government’s radar

More disruptive technology can be expected in the banking industry if a government inquiry gets its way.

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Big four bank to 'revolutionise' sales experience

Commonwealth Bank has launched a new EFTPOS tablet set to transform the sales experience between businesses and customers.

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APRA tipped to hit major banks

A leading economist has warned that the major banks could soon be targeted by the prudential regulator after fresh figures point to continued growth in investor lending.

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‘Significant disruption on the horizon’, says CIFR

The Centre for International Finance and Regulation has advised Treasury that the financial services industry faces ‘significant disruption’ from new technology.

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Economist flags stability concerns

A senior economist has pointed to the Reserve Bank’s latest Financial Stability Review to highlight how difficult it is for the Australian economy to transition away from mining-led growth ...

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RBA warns major downturn may be coming

Buyers have been warned that the surge in investment activity could trigger a jump in speculative behaviour and ultimately a “significant” fall in prices.

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Bribery and corruption risks on the rise

The risk of Australian and New Zealand organisations encountering bribery or becoming corrupt is high, according to the latest study by Deloitte.

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Confidence grows among FHBs

Confidence among first home buyers has soared to a record high this month, according to research by Genworth.

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Virgin Money reveals third-party plans

Bank of Queensland has revealed its plans for Virgin Money's return to the broker market.

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