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Hong Kong investment group looks to Australian mortgages

A Hong Kong-based investment company has launched a real estate debt fund to invest in first and second mortgages for commercial and residential real estate in Australia and Asia Pacific.

Hong Kong investment group looks to Australian mortgages
Former bank CEO joins SocietyOne

The previous ME Bank CEO, Jamie McPhee, has joined the non-bank lender’s board as a non-executive director, along with a former American Express executive.

Former bank CEO joins SocietyOne
Non-major ‘consolidates’ Brisbane office presence

A non-major bank is “consolidating” its office space in Brisbane as it expects a hybrid model of remote and in-office work to be an “ongoing feature” moving forward.

Non-major ‘consolidates’ Brisbane office presence
Lenders warned against overt risk-taking

The RBA has cautioned lenders and the financial sector against “excessive risk-taking” amid rising asset prices, including looser lending standards for loans.

Lenders warned against overt risk-taking
Judo welcomes new COO

The SME bank has appointed fintech specialist Lisa Frazier to the company as its new chief operations officer.

Judo welcomes new COO
Non-bank sets up $1m flood relief fund

A non-bank lender has established a $1-million Flood Disaster Relief Fund to assist its customers affected by the NSW and Queensland floods. 

Non-bank sets up $1m flood relief fund
AMP appoints new CEO 2021

AMP Ltd has announced that its CEO Francesco De Ferrari will retire from the role, and has appointed a new group CEO.

AMP appoints new CEO
CBA, Westpac loan flows nudge ahead of peers

CBA and Westpac reported a larger increase in their mortgage books compared with their peers, while NAB recorded a contraction in its investor portfolio, the latest APRA data has revealed.

CBA, Westpac loan flows nudge ahead of peers
New small business minister named in cabinet reshuffle

The federal government has announced a new minister for small and family business as Prime Minister Scott Morrison reshuffles his cabinet and promotes more women.

New small business minister named in cabinet reshuffle
Westpac announces latest BaaS partner

The major bank has selected Melbourne-based FrankieOne as its identity infrastructure provider for the major bank’s new banking-as-a-service platform.

Westpac announces latest BaaS partner
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