Economy

The non-bank lender has wound back its serviceability policy after reducing its risk appetite in response to the COVID-19 crisis.

The big four bank has announced the migration of its online business banking tool, NAB Connect, to the cloud.

A sharp increase in new home sales has been attributed to a bump in sentiment from the federal government’s HomeBuilder scheme.

The New Zealand-based financial services group has announced that it has secured new funding for the growth of its Australian reverse mortgage business.

The central bank has noted that business lending has been “subdued” due to uncertainty and weak economic conditions and a “tightening” in the supply of credit.

COVID-induced housing market weakness across Australia’s capital cities triggered a $98-billion slide in the total value of residential dwellings, new ABS data has revealed.

A big four bank has said that it has been fighting millions of “ferocious” cyber threats and seen a 78 per cent increase in fraud attempts over recent months.

The customer-owned bank has reported that around 95 per cent of home loan customers whose payment pause has expired have returned to full payments.

Auctions activity in Melbourne plummeted to a new record low last week as the city remains in lockdown, according to CoreLogic.

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