Making news this week (ending 1 July)

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Volt Bank to exit banking industry

Neolender Volt Bank is handing bank customer deposits and will exit the banking industry, it has been revealed.

Prudential treatment for Home Guarantee Scheme loans confirmed

APRA has told the banks how they need to treat the reporting and risk management for loans under the government’s expanded Home Guarantee Scheme.

Outright ownership falls over 25 years: ABS

The proportion of Australians who completely own their property has fallen by 11 percentage points according to the latest census data.

ASIC wins Cigno appeal

ASIC has succeeded in its appeal over breaches of consumer credit provisions by short-term lenders Cigno and BHF Solutions.

Suncorp confirms ‘review’ of banking operations

The group has confirmed that it is currently reviewing “strategic alternatives” for its banking operations, following media reports that it is considering a sale.

Kate Aubrey is the senior content producer of Momentum Media's mortgages titles: The Adviser and Mortgage Business.

Prior to joining Momentum Media, Kate covered regional and breaking news for ABC Radio for more than three years.

She has a Master of Arts in Journalism from the University of Melbourne and a Bachelor of International Business and Business Management from Griffith University.

Email Kate at: This email address is being protected from spambots. You need JavaScript enabled to view it.