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BNK portfolio reaches $2.8bn
2 November 2022
BNK loan book reaches $2.8bn

Digital bank BNK has reported first quarter 2023 growth across key metrics, with its total portfolio now around $2.8 billion.

Community First to rebrand following successful trademark dispute
1 November 2022
Community First to rebrand following successful trademark dispute

Community First Credit Union has announced that it will be rebranding as Community First Bank after a successful trademark dispute in 2021.

ANZ loan approval times ‘back in line with peers’
28 October 2022
ANZ loan approval times ‘back in line with peers’

ANZ’s “strong” financial year 2022 results have highlighted “restored momentum” in its Australian home loans.

Westpac and Aus Post extend partnership
28 October 2022
Westpac and Aus Post extend partnership

Westpac Group has announced an extension of its partnership with Australia Post to continue offering over-the-counter banking services.

ANZ to pay $25m for ‘misleading customers’ over 20 years
26 October 2022
ANZ to pay $25m for ‘misleading customers’ over 20 years

The Federal Court has ordered the big four bank to pay a $25 million penalty for failing to provide certain benefits to customers with offset transaction accounts or its Breakfree package.

NAB offers $1k grant to flood-impacted customers
26 October 2022
NAB offers $1k grant to flood-impacted customers

The major bank has opened grant applications for customers affected by the recent extreme weather conditions in officially declared disaster areas.

New report flags the good, bad and ugly of wholesale markets
26 October 2022
New report flags the good, bad and ugly of wholesale markets

ASIC is calling on the major banks, Macquarie and JP Morgan, to benchmark themselves against a new report regarding conflicts of interest in wholesale markets.

AMP loan book exceeds $23bn
24 October 2022
AMP loan book exceeds $23bn

Continued strength in AMP’s deposit-to-loan ratio has driven its Q322 loan book growth, the bank has confirmed.

Outgoing APRA chair defends risk weighting framework
21 October 2022
Outgoing APRA chair defends risk weighting framework

Bankers who complain about housing risk weights are “not letting the facts get in the way of a good story,” outgoing APRA chair Wayne Byres has said.

Heartland to acquire Challenger Bank
20 October 2022
Heartland to acquire Challenger Bank

The financial services group is to acquire Challenger Bank, including its $89 million retail lending and $228 million of deposits.