Business
Banking & finance
Opinion
Property market
Property price bulls pushing bears back into hibernation
The stimulus provided by the government and the relaxation around loan repayments by the banks kicked the problem down the road and has created an artificial market.
- by Elizabeth Knight
Latest
Wall Street
Federal Reserve extends ban on big bank dividends, buybacks
The US central bank is extending until the end of the year its restrictions on large banks and financial services companies paying out dividends and buying back stock.
- by Ken Sweet
Jobs
AMP staff brace for sweeping job cuts
AMP has confirmed there will be job losses across its banking and investment divisions - AMP Capital and AMP Australia.
- by Charlotte Grieve
Banking products
Report clears Plenti, CEFC of wrongdoing over government contracts worth $107m
A report commissioned by the federal government has cleared the Clean Energy Finance Corporation and green financier Plenti of improper conduct.
- by Charlotte Grieve
Banking products
'Serious and systemic': Bendigo Bank aggressively chased customers to pay debts
Bendigo Bank has been publicly shamed for aggressive debt collection tactics between 2015 and 2019.
- by Charlotte Grieve
Australian economy
NAB exec says under-pressure businesses need all the help they can get
NAB business banking executive Tania Motton says reduced JobKeeper payments will put further strain on businesses.
- by Charlotte Grieve
Australian recession
House price falls, recession prompt BoQ to increase bad loan provisions
The Bank of Queensland has increased its provision for loan impairments as it braces for higher unemployment, property price falls and a longer recession.
- by Charlotte Grieve
AUSTRAC crackdown
Class action lawyers eye Westpac settlement
Lawyers leading the class action against Westpac say the AUSTRAC settlement will help their case.
- by Charlotte Grieve
Big four
Investors cautious on lending rule changes despite bank stock surge
The government has cut red tape to increase lines of credit through the pandemic. But investors say demand for loans is low as unemployment and uncertainty remain high.
- by Charlotte Grieve
Opinion
Hayne fallout
The government's move to trash lending rules during a recession is a recipe for disaster
It was pitched as an 'adrenalin shot into the economy' but the Morrison government’s decision to trash responsible lending laws could spell trouble.
- by Adele Ferguson
Hayne fallout
'Disaster': Consumer groups slam lending laws repeal as bank stocks soar
Bank shares have soared on the news, but leading consumer rights groups call the government's proposal to remove responsible lending laws disastrous as people have too much debt and not enough income in the COVID-19 crisis.
- by Sarah Danckert and Charlotte Grieve