Big four banks and AMP repay $60m, much more to come

Five financial institutions caught up in a financial advice scandal have so far coughed up tens of millions of dollars in refunds and interest.

Big four demand transparency over new bank levy

Australia’s biggest banks have said they don’t yet know to what extent the new bank levy will be passed onto customers.

Why Albert Einstein loved compound interest

Albert Einstein is said to have once described compound interest as “the eighth wonder of the world”.

CBA nudges borrowers away from interest-only loans

Commonwealth Bank has responded to the regulator’s concerns about interest-only loans by deciding to make them harder for borrowers to access.

Housing problem requires new solutions: report

The supply of new housing is failing to keep pace with demand, a new report has found.

Tenant's market in some cities, landlord's market in others

Rents have surged in Canberra and Hobart over the past year, while they’ve gone the other way in Perth and Darwin.

Steady economy points to steady cash rate

The Reserve Bank has hinted that it is likely to leave the official cash rate at a record-low 1.50 per cent for the foreseeable future.

First home buyers take out 13.6% of new mortgages

New statistics on first home buyers have painted a mixed picture, as talk of housing affordability continues to dominate the news.

What to look for when choosing a savings account

Many people think the interest rate is the be all and end all of savings accounts, but the other features can be just as important.

Everything you need to know about personal lending

Personal lending is now a more tightly regulated industry than in the bad old days, when cowboy operators were able to exploit vulnerable Australians.