Big bonuses for taxpayer-funded staff will be slashed and instead offered mainly to workers doing high-level jobs in areas competing with commercial operators for talent.
Many of the nation’s top economists predict potential regulatory action and coronavirus lockdowns will take some of the heat out of the property market.
Banks are primed to hand back billions of dollars of excess capital to investors,in sharp contrast to last year when they were told to batten down the hatches.
Even if outbreaks are brought under control,CBA’s chief says the transmissibility of the Delta strain means more lockdowns are a real possibility.
One of Australia’s oldest health funds has fallen victim to the long-term declining affordability that’s stalking the sector.
A runaway housing market has banking regulators poised to tighten lending standards as economists warn higher interest rates are on the way.
Data this week confirmed what anyone who owns a home or has endured a Saturday auction already knew – the national property market is on fire.
The government is probing decisions by major financial firms to reduce exposure to certain export industries after a string of firms banned lending and financing to new thermal coal.
Coal companies are fighting back against banks that are refusing to lend to them in a battle for the future of the economy.
The Sydney and Melbourne property boom is facing a slowdown on federal government forecasts as closed international borders and the end of grants hit the housing market brakes.
The banking regulator highlighted a drop in the value of some emissions-intensive assets,such as coal-fired power plants.