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.

Sharia finance house Hejaz Financial is working on a roundabout plan to secure a banking licence in Australia.

Melbourne MP Daniel Mulino has been appointed the new assistant treasurer and minister for financial services in the Labor ...

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), ...

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.

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.” ...

NAB has experienced a slight – but not unexpected – decline in the overall quality of its loan books in the first half of its 2025 financial year. The ratio of non-performing loans as a percentage of ...

A lift in earnings at Westpac Institutional Bank as well as in Westpac’s Business and Wealth division provided a bright spot in the group’s difficult half-year result. The bank’s net profit fell nine ...