Economy

Former BT Financial CIO joins ING
24 January 2020
mortgagebusiness

The non-major has announced the appointment of a new CIO, just a day after appointing a new chair.

HSBC appoints new Australian CEO
23 January 2020
HSBC appoints new Australian CEO

The non-major bank has appointed a new chief executive officer of HSBC Bank Australia Ltd, taking over from interim chief executive officer Noel McNamara.

Bushfire crisis drives down consumer sentiment
23 January 2020
Bushfire

The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 1.8 per cent to 93.4 in January, from 95.1 in December.

ING appoints new chair
22 January 2020
John Laker AO

The non-major has appointed the former chair of APRA to head up its board.

Non-bank eyes prime space in new mortgage market push
22 January 2020
Adam Moore

A non-bank lender has unveiled plans to expand its home loan offerings after securing $250 million in funding from Goldman Sachs.

Housing remains ‘severely unaffordable’ despite correction
22 January 2020
Housing decline

The recent downturn in the property market has not been enough to ease affordability pressures, with Australia’s housing remaining among the least affordable in the world, new research has ...

Judo Bank touches $1bn in deposits
22 January 2020
Cash

The SME challenger bank has hit the $1-billion mark in deposits, nine months after receiving its banking licence.

Home loan switching rates stumble
21 January 2020
Home loan switching rates stumble

The level of refinancing activity has dipped across both the owner-occupied and investor segments of the mortgage market, according to the latest ABS data.

Volt closes $70m equity raise
21 January 2020
Volt Bank

The neobank has closed a Series C equity funding round, reportedly surpassing its target by $10 million.

Housing recovery ‘squeezing’ FHBs out of the market
17 January 2020
Home for sale

The number of housing finance commitments from first home buyers has fallen for the second consecutive month, new ABS data has revealed, with analysts linking the trend to the resurgent ...