66

In Melbourne and Sydney, it’s a renters market and lending for investment housing is taking off as the epicentre of credit stress in banking. Rents on two bedroom units in Melbourne, the worst hit mar.. read more

Praising Australia’s handling of the pandemic, Fitch Ratings has revised the outlook for the Big Four banks' credit ratings back to Stable from Negative. Their ratings remain at A+. read more

The approaching breakdown among commercial property developers, it’s organised crime. read more

Rents are cratering in Melbourne and Sydney. read more

Twelve weeks remain for the TFF, and A$92 billion could go to waste. read more

The sale of consumer credit card insurance by Westpac to a handful of customers sees the bank back in court, sparring with ASIC. read more

The languid culture at the top of Commonwealth Bank and its lousy systems and technology receive brutal treatment in the opening round of Federal Court proceedings bought by ASIC over alleged wrongful.. read more

After more than seven years work, a high-minded class action on behalf of bank customers with mortgage loans from Australian banks is closer to the stage of finally recruiting class members. read more

APRA says it is “giving careful thought to which tools might work best” if it needs to act on housing prices and housing credit. read more

At John Macfarlane’s Westpac, the clearance sale seems to be on. But the real question is why the bank took 10 years to wake up to the twin follies of rebooting Bank of Melbourne in 2011, and even sav.. read more