Lender

Depositors using Silicon Valley Bank will have access to all of their money despite its collapse, after the US Federal Reserve stepped in to shore up the financial system.

The Reserve Bank’s 25-bp rate increase for March has been passed on by the major banks.

The major bank has announced a new layer of security to further protect its customers from potential scams.

The non-bank lender has announced it has increased commissions on its prime alt doc and specialist products.

Yellow Brick Road (YBR) acquired the non-bank lender in 2014, but it has taken almost a decade to get the business where it needs to be, says executive chairman Mark Bouris.

For the first time in a decade, women’s financial progress finished the year in negative figures, triggering calls for the government to act.

Regional bank services have come under even closer scrutiny, as ADIs justify continued branch closures to a senate committee.

EXCLUSIVE Lendi Group chief executive David Hyman has cooled fears of significant redundancies at Aussie Home Loans amid reports that up to 100 staff have been let go.

In two separate mergers, Greater Bank and Newcastle Permanent have officially merged, as have Heritage Bank and People’s Choice.

The financial services group has released its 1H23 results, revealing a 19.9 per cent increase in its reverse mortgages receivables.