Lender

The chief executive of the non-bank lender has announced the lender’s next chief financial officer.

A $400 million medium-term note transaction has been raised by a mutual lender, the largest deal of its kind by an Australian mutual.

The two customer-owned lenders are exploring a merger in a bid to benefit from economies of scale and create “Australia’s leading purpose-driven bank”.

The major banks have recorded the first month of positive loan book growth across the board since July 2023.

The big four bank has been ordered to pay the maximum penalty for unconscionable conduct in relation to an interest rate swap transaction.

Lenders have begun offering emergency assistance for those impacted by extreme weather events in North Queensland.

The major bank has announced the appointment of Richard Gibb as a non-executive director to its Group board.

A new chief executive has been appointed at the non-bank, with the new leader set to spearhead an expansion into commercial lending.

The non-major bank will pay a penalty of $820,000 after admitting to criminal charges relating to its handling of mortgages in 2018.

The major bank expects more Australians to take out a no-interest-loan to help with back-to-school costs.