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Mortgage broker AFG said it reached white label funding agreement with Macquarie Bank under which the former will originate loans for the latter. AFG already has one such funding agreement in place wi.. read more

The household saving ratio fell once more in the June 2015 quarter, concurrent with some of the weakest quarterly figures on economic growth in years. read more

Banks in Australia have won a free kick from the Government, with plans for one form of a funded system of deposit insurance now abandoned. read more

Profits are in decline across the financial services sector, while company profits are weak throughout the economy, new data from the Australian Bureau of Statistics shows. read more

Westpac has yielded on key controversies to reach a new enterprise agreement with staff in a deal the Finance Sector Union said "breaks the link between targets and annual salaries." read more

A special dividend from its captive mortgage insurance arm propped up the profit of Auswide Bank over the year to June 2015, a period in which economic stress in its core markets in North Queensland r.. read more

Interest margins on credit cards of greater than ten per cent fell under the spotlight at a Senate inquiry yesterday, with one regulator pushing for consumers to take more responsibility for shopping.. read more

Tepid income growth and the inevitability of a return at some point to higher (and more typical) levels of interest rates are among the darker thoughts informing the more assertive actions on Australi.. read more

Bigger banks are riding the recent wave of demand for housing credit. read more

The corollary to a pay rise of four per cent for many staff at National Australia Bank should proceed following a staff vote. read more