An Australian bank announced this week that it will stop funding loans for new gas and diesel cars in 2025 to encourage the shift to electric vehicles. "We think that the responsible thing for us to ...

MELBOURNE, Australia (AP) — One of Australia’s largest banks said Monday it agreed to pay a record 240 million Australian dollars ($160 million) in penalties for corporate misconduct affecting almost ...

This marks the second “Big Four” bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy. National Australia Bank (NAB) is set to become the second ...

Bank Australia has announced it will stop funding loans for new fossil-fuel-powered cars from 2025 onwards, reports The Guardian. The company argues that denying loans for new fossil-fueled vehicles ...

The prospect of higher mortgage repayments is back on the table for Australian households, and the nation’s top economists ...

SYDNEY, Feb 8 (Reuters) - A run of strong earnings and stock market outperformance at Australia's "big four" banking giants is set to fade later in 2023, investors said, as funding costs rise while a ...

Explore the Reserve Bank of Australia, its role in monetary policy and currency management, its history since 1960, and how it drives Australia's economy.

The review of the Reserve Bank of Australia, which has been criticized for responding too slowly to worsening price pressures, could lead to a change in the way the bank communicates with markets.

abrdn Australia Equity Fund Inc faces challenges due to high fees and a lack of significant deviation from the ASX200 index. Australian shares, particularly bank stocks, are overvalued with limited ...