334

Banks' mortgage balances grew at more than twice the rate of growth in household deposits in May, as lenders shrugged off concerns about their stable funding ratios and chased market share in the impr.. read more

New South Wales leads the nation for investor activity in the residential property market but Queensland is catching up. read more

In the six years since Woolworths launched its Everyday Money Credit Card it has managed to build a card balance of just A$350 million. read more

Tasmanian group MyState has hired a seasoned banker with experience in broker distribution to take the reins from retired chief executive John Gilbert. Melos Sulicich takes over as managing director a.. read more

Both the housing and business lending markets have returned to growth rates not seen for several years, while personal lending continues to be a drag on the system. read more

The Australian Securities and Investments Commission was not the only consumer watchdog subjected to critical examination in last's week Senate committee review of ASIC's performance. The two finance.. read more

Most submissions to the Senate committee review of ASIC's performance centred on loan application forms and the failure of ASIC and the EDR schemes to deal with what submitters believed was fraud. read more

The national consumer credit law introduced in 2010 is working effectively but there are indications that some credit providers operating on the margins are circumventing the law and exposing consumer.. read more

The increase in residential property values over the past year has helped reduce debt-to-income ratios, while low interest rates have cut into interest payment-to-income ratios. However, the latest Re.. read more

ANZ Global Wealth has launched a mobile application that links its customers' banking, share trading, superannuation and insurance. read more