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The federal government has announced financial support is available for flood-impacted victims, as major flooding continues in South-East Queensland and the NSW North Coast.
A “correction” in the housing market could be on the cards as interest rates lift, the former federal treasurer Peter Costello has suggested.
The big four bank will consolidate its digital and retail divisions, with its commercial business set to operate separately.
Reserve Bank governor Philip Lowe has called the Ukraine war a “major new source of uncertainty”, with a rate rise seeming unlikely for the near future.
After almost two years of significant housing value growth, every capital city and broad “rest of state” region is trending downwards, according to the latest data.
The non-major bank has officially had its banking licence revoked after handing it back following its merger with Bank of Queensland.
More financial assistance begins to pour in for flood-impacted residents, as the deluge of the floods leaves hundreds of thousands of people affected.
New loan commitments continued to rise over January — reaching $33 billion — driven by investor lending, the latest data reveals.
[Related: Making news this week (ending 25 February)]