Finance News - Page 74

The banking industry has erupted with hostility and criticism in response to the South Australian Government’s newly announced bank levy, describing it as "outrageous". The new levy, announced as part of the state’s 2017 Budget, would...

The big four banks and a number of smaller institutions have had their long-term ratings downgraded by Moody’s, due to what it sees as housing market risks.

New figures show unemployment at a record low for May, marking eight back-to-back months of increasing employment levels since September last year.

New research from the Commonwealth Bank of Australia shows that despite increasing house prices, the age of the average first home buyer hasn’t gone up lately.

Australian experts are voicing concern about the strength of China’s economy, saying that a crash in the Chinese markets could have a knock-on effect here.

Cash definitely has less of a presence in our wallets these days, but CBA’s head of technology is predicting a cashless society in the near future.

If you are currently gathering every cent of your savings to buy a house in the big city, you may be disappointed to hear it takes 40 years to save for a house deposit in Sydney, according to new research.

ASIC has a new example Statement of Advice (SOA) for life insurance, and is currently seeking feedback by way of a newly released consultation paper.

NSW Premier Gladys Berejiklian has announced that first home buyers in the state will be provided with stamp duty concessions that could save them up to $34,360.

Australia's financial literacy among students aged 15-16 has fallen over the last 3 years, according to a new report from the OECD.