Car loan provider slugged $11m for lending violations

Motor Finance Wizard will pay more than $11 million to address concerns about its lending practices.

The China boom may be coming to an end

China’s credit ratings have been downgraded, reflecting growing economic problems for Australia’s largest trading partner.

Australians now hold $2.3 trillion in super

The nation’s pool of retirements savings continues to grow, with total superannuation assets increasing 11.2 per cent in the 12 months to March.

Banks warned about housing crash

S&P Global Ratings has reduced its credit rating for 23 lenders due to “an increased risk of a sharp correction in property prices”.

Is the cheapest home loan always the best?

We all want to pay as little for our mortgage as possible, but it would be wrong to assume that lower-rate products are automatically better.

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.