Australian Prudential Regulation Authority

APRA financial crisis powers attacked by fringe party

A Senate committee will examine concerns raised by fringe political party the Citizens Electoral Council of Australia that a bill expanding the …

Economy

AMP Bank and CBA want to know what borrowers' spend on cosmetics, cars and credit

by Duncan Hughes<p>Borrowers will have to have to disclose their spending on everything from cosmetics to cars under tough new rules to prove they can …

Banking

APRA to target banks trying to duck BEAR pay reforms

The prudential regulator will take a dim view of banks that boost fixed pay to avoid the Banking Executive Accountability Regime's tougher …

David Leyonhjelm

CBA survives shareholder lashing at AGM

The combination of the Commonwealth Bank's battered reputation and the government's Banking Executive Accountability Regime will force the nation's …

Ian Narev

Commonwealth Bank says its lending for coal will continue to decline

Analysts say a test of the bank’s withdrawal from coal will come when Adani’s Abbot Point terminal comes up for refinancing<p>The Commonwealth Bank has told its shareholders to expect its support of the coal industry to decline as it helps finance the transition to a low-carbon economy, indicating the …

Environment

Macquarie reacts to APRA's prudential lending shift by tightening lending terms

Macquarie Bank is the latest major lender to tighten credit policy in recent weeks, in response to regulatory fine tuning to curb risky …

Finance

Property prices at a turning point - or the pause that refreshes

Property prices in Sydney appear to be at turning point with Melbourne, perhaps, not far behind.<p>What happens next is the $7.4 trillion question – the …

Real Estate

Bupa mulls subscription-model for health insurance

Health insurance giant Bupa is mulling a Millennial-focused subscription model for "health and wellness" benefits, with new figures from the …

Health Care

'Starting to bite': Lending clampdown slows property investors

New commercial lending, including loans to property investors, has suffered its biggest fall in since February, latest figures show.<p>A 7.8 per cent …

Real Estate

The seven-year interest rate itch: no, the RBA shouldn't scratch

Inflation is dormant, growth sluggish and macro-prudential tools are doing their job to limit the instability of low rates<p>Rather surprisingly, despite weak retail trade growth, record low wages growth and overall sluggishness in the economy, some economists have begun to call for the Reserve Bank …

Economy

Fahmi Hosain to leave APRA

The head of governance at the Australian Prudential Regulation Authority, Fahmi Hosain, has resigned, with the development of risk culture policy in …

Medibank Private dumps coal for sake of health, it says

Medibank Private has bowed to pressure from financial regulators and community groups to withdraw from carbon heavy fossil fuel investments such as …

Climate

First home buyers regain market foothold

First home buyers are regaining a foothold in the housing market, enjoying their biggest share of new mortgages in almost five years.

Real Estate

Government restrictions bite as first home buyers shut out investors

Investors are being pushed out of Australia's housing market with government regulations generating a 6 per cent drop in investor loans as first home …

Real Estate

Vital Signs: business conditions are peachy, so why aren't businesses investing?

<i>Vital Signs is a weekly economic wrap from UNSW economics professor and Harvard PhD Richard Holden (@profholden). Vital Signs aims to contextualise</i> …

Economy

The polls suggest Labor's tax changes are coming

The first thing many financial advisers will tell you is to make decisions based on the law of the day, not in anticipation of what might happen in …

Retirement

Mortgage lenders spice up spring offers with $500 shopping vouchers

by Duncan Hughes<p>Retail shopping vouchers worth $500, lower rates and special conditions are being used by lenders wanting to attract new borrowers in …

Mortgages

Customer-owned banks applaud moves to facilitate capital raising

Credit unions, building societies and the broader mutuals sector have welcomed the government's move to make equity fundraising easier, saying …

CommBank's quarterly profit raises the question: is it cheap?

The release of consensus-beating quarterly earnings by Commonwealth Bank of Australia puts the spotlight on one of the great paradoxes of the local …

Ian Narev

APRA issues insurance stress test warning

The results of the Australian Prudential Regulation Authority's first stress test of the general insurance sector has revealed the sector's biggest …

Performance Testing

Commonwealth announces $2.65b Q1 profit

Commonwealth Bank has reported a $2.65 billion first-quarter profit, helped by increased home lending and household deposits.<p>Australia's biggest bank …

Commonwealth Bank

CBA's profits lift 6 per cent to $2.65b after it raised some home loan rates

Commonwealth Bank's first quarter profits have lifted 6 per cent to $2.65 billion, helped by increases in rates for customers with interest-only home …

Business (Australia)

Cracking 6000 is reason for some sober reflection

Cracking 6000 points on the S&P/ASX 200 Index is definitely worth celebrating in a country with the world's highest allocation of superannuation …

Australian News

Shadow banks target property investors with big savings

by Duncan Hughes<p>The so-called shadow banks are responding to strict speed limits imposed on banking rivals by pressing the pedal to the metal with …

Australian News

Housing market starting to look flat

Australian capital city home prices were flat last week, with the slight decline in Sydney offset by equally small rises in Perth and …

Real Estate

Westpac's results show there's a big shift underway in borrowing for property

Tom Szczerbowski/Getty Images<p>Westpac’s results this morning revealed a clear shift underway in consumer behaviour in the wake of regulatory …

Economy

Westpac lifts FY profit 3% to $8.062bn

Westpac has lifted full-year profit three per cent to $8.062 billion.

Hope for first home buyers, says Treasurer Morrison

Treasurer Scott Morrison says the chances of first home buyers getting into the property market have improved, as house price growth slows and a …

Australian News

Why the Future Fund has made most super funds look very ordinary indeed

Peter Costello's proposal for the public sector to provide a superannuation solution could revolutionise the savings options available to ordinary …

Finance

The twists and turns of betting on rates

Despite a very benign consumer price index report less than a fortnight ago, and a sub-par annual GDP growth rate of less than 2 per cent, the …

Economy