The picture in early 2025 “is of a housing upturn that has lost considerable momentum” Westpac economics team said in an analysis of quarterly ABS lending data yesterday.

Melbourne MP Daniel Mulino has been appointed the new assistant treasurer and minister for financial services in the Labor government. Jim Chalmers continues as treasurer. Mulino earned a PhD in ...

Lextech, one of Australia’s leading mortgage origination and settlement platforms, has announced it is withdrawing its application to be an Electronic Lodgement Network Operator (ELNO), following the ...

Melbourne-based Sharia finance house Hejaz Financial is working on a roundabout plan to secure a banking licence in Australia. Having recently raised €100 million in capital from the UAE, Hejaz for ...

An historic success by Commonwealth Bank in a shareholder class action last year will stand, following the dismissal of appeals on behalf of shareholders into two representative actions. The two class ...

With headcount ballooning, and pay rises ahead of inflation, it’s no wonder the expense ratios of major banks are rising again. Analysis by KPMG of the results for the four major banks shows that over ...

Acknowledging, for once, that Commonwealth Bank is the bigger business bank, National Australia Bank says that a priority focus for the bank “is how we close the gap with CBA in business deposits.” ...