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ADI stress testing frameworks found wanting
24 February 2020
ADI stress testing frameworks found wanting

An assessment of the internal stress testing capabilities within authorised deposit-taking institutions (ADI) has found gaps in the internal stress testing frameworks of the institutions, ...

Low rates, ‘fierce’ competition to test mutual banks: S&P
21 February 2020
S&P Global Ratings

Mutual bank margins are set to come under pressure amid record-low interest rates and “fierce” competition in the home-lending space, according to S&P.

MyState appoints new CFO - 2020
21 February 2020
Gary Dickson

The Tasmanian bank has announced the appointment of a new chief financial officer.

Xinja ‘Stash’ account reaches $200m
21 February 2020
Digital banking

The neobank has announced that inflows into its savings account product have hit $200 million.

Stronger housing market extends “wealth effect”
21 February 2020
Stronger housing market extends wealth effect

The strong upward trend in home-buying intentions is translating into higher motor vehicle spending intentions, according to new CBA research.

Mixed RBA signals cloud rate outlook
20 February 2020
RBA

Analysts are in two minds about the Reserve Bank’s monetary policy strategy, with recent remarks from governor Philip Lowe casting doubt over expectations for further easing.

Genworth announces board changes
20 February 2020
Genworth announces board changes

The lender’s mortgage insurance provider has announced the appointment of a new non-executive member of the board, following the retirement of Gayle Tollifson after eight years of service

Prospa receives funding boost
20 February 2020
Prospa receives funding boost

The non-bank has announced the introduction of a new funding partner for one of its warehouse facilities.

Non-major cuts variable mortgage rates
19 February 2020
Non-major cuts variable mortgage rates

The bank has announced out-of-cycle reductions to its variable owner-occupied home loan offerings.

New player eyes ADI space
19 February 2020
mortgagebusiness

A new fintech has officially launched to the public with ambitions to join the “banking revolution”.