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Economy

UBank CEO joins Suncorp
13 December 2019
UBank CEO joins Suncorp

A lender has announced the appointment of a new chief executive officer.

Home loan volumes slip despite stimulus
13 December 2019
Home loan volumes slip

Interest rate cuts and changes to mortgage serviceability guidance have not been enough to spark a quarter-on-quarter increase in home loan volumes, according to the latest APRA data.

AMP announces changes to board
13 December 2019
AMP

The wealth and banking group has announced the latest addition to its board of directors and the retirement of a board member after three years of service.

Firstmac completes $1.1bn RMBS
12 December 2019
Firstmac

Non-bank lender Firstmac has completed a residential mortgage-backed securities issuance of $1.1 billion, bringing the total amount raised by the company this year to $3.5 billion.

Home owners in rush to renovate
11 December 2019
Home improvement

Almost two-thirds of home owners are making improvements to their home ahead of the Christmas period, according to new research.

LandMark White rebrands
11 December 2019
Timothy Rabbitt

The property valuation firm has commenced operating under a new business name.

Major bank drops mortgage rates
9 December 2019
Arrow down

A big four bank has announced cuts to its variable home loan rates across both its owner-occupied and investment products, with its basic variable rate dropping to its “lowest level on ...

Challenger appointed ABSF investment manager
9 December 2019
mortgagebusiness

The government’s AOFM has appointed Challenger Investment Partners as the external investment manager to oversee the administration and portfolio maintenance of the new business ...

APRA proposes banking data transparency
9 December 2019
mortgagebusiness

A new proposal made by APRA could see the financial data of banking institutions made publicly available, to an extent that greatly exceeds current data publication practices.

Big 4 to carry heavier capital burden
6 December 2019
Big four banks

New Zealand’s central bank has introduced new regulatory requirements that would require Australia’s major banks to hold billions in additional capital.