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CBA’s business lending outpaces home loan growth
10 May 2024

The major bank’s home loan growth has straggled behind system growth while its business lending has accelerated.

Helia announces new chair
10 May 2024

The LMI provider has named its new chair at the conclusion of its AGM.

Firstmac customer data allegedly leaked on darknet
9 May 2024

The non-bank lender is “urgently investigating” after hackers behind the “cyber incident” published a profusion of data allegedly relating to the lender’s customers.

75% think banks are prioritising profit over service
9 May 2024

The majority of Australians believe that banks are putting profits over customer service, according to new data from COBA.

Brokers settled $28bn ANZ home loans in 1H24
8 May 2024

The major bank has said that mortgage brokers settled the majority of its home loans in its half-year results.

Westpac housing loans up 5% YOY
7 May 2024

The group’s total mortgage portfolio has increased by over $50 billion, according to its latest financial results.

Should we be calling Macquarie a major bank now?
6 May 2024

OPINION Macquarie’s latest financial results show its mortgage book accounts for over 5 per cent of the bank market share, so should we be calling it a major bank?

Pepper Money expands Prime Alt Doc offering
6 May 2024

To support self-employed borrowers, the lender has updated its loan sizes and documentation requirements on its products.

P&N Bank withdraws from Home Guarantee Scheme
3 May 2024

The lender will soon cease offering loans for the government’s Home Guarantee Scheme due to “operational factors”.

Returns on NAB broker loans ‘below the cost of capital’
2 May 2024

The new CEO of the major bank has revealed that returns on broker loans are “below the cost of capital” due to “price premiums” in the channel.