The Commonwealth Bank yesterday announced a rise in its variable home loan interest rate of 0.10 per cent to 8.67 per cent.

The November spike in home approvals may not reflect the true position of the market, the Australian Financial Review reported today.

Australian home owners enjoyed a “vintage year” in 2007, according to the Real Estate Institute of Australia (REIA), with house prices increasing in most parts of t...

ANZ’s rate rise will not impact its share of the mortgage market, CEO Michael Smith told reporters in Malaysia, according to The Sydney Morning Herald.

The Australian Prudential Regulation Authority (APRA) is investigating whether the banks have enough capital to cope with sharp market downturns, reports the Australian Fina...

Building approvals figures released by the ABS today have revealed a 2.0 per cent rise in total dwelling approvals for November 2007 based on trend estimates, up 11.2 per cent ...

ANZ is feeling the heat of public scrutiny over its decision to lift interest rates with Federal Treasurer Wayne Swan labeling the move as “excessive” following a m...

ANZ attributed higher wholesale interest rates to its decision to increase standard variable home loan rates yesterday.

American television channel CNBC reported that US Citigroup is considering a 5-10 per cent cutback of its workforce, according to Reuters. With a total workforce of 327,...

After months of sustained media negativity directed at the non-bank sector over higher funding costs, the major banks could now face a consumer backlash with two of the big fou...

Credit unions are likely to follow the lead of the major banks by raising interest rates on standard variable mortgages, reports The Advertiser.

Westpac Banking Corporation completed its acquisition of the RAMS franchise distribution business on Friday.

4,429,000 – number of baby boomers in the Australian workforce

The major banks have come under fire as NAB stepped forward to hike its standard variable rate by 12 basis points.