Lender

Two major banks have assured their customers that they will be better protected from scammers through enhancements in scam prevention.

The major bank announced the interest hikes had “benefitted” profits, reporting growth in its home loan portfolio.

While the Commonwealth Bank has halted regional bank closures, Westpac and NAB said more will come under the chopping block.

Details of the inquiry into how banks set interest rates for savers and home loan borrowers have been revealed by the competition watchdog.

The major bank has emerged on the buy now, pay later scene as the sector faces growing regulatory pressure.

Home loan and savings rates continue being adjusted after the latest 25-bp cash rate rise, non-major banks have announced.

The major bank’s chairman Paul O'Sullivan announced that Graham Hodges has joined the ANZ board as a non-executive director, effective immediately.

The bank has reported a 5.2 per cent increase in home lending for its 2023 financial half-year results.

Qantas has launched a white label mortgage offering through its money service, Qantas Money, giving borrowers up to 100,000 Qantas Points per year.

The lender’s mortgage book continued to increase in the three months to December, despite its banking business arm reporting a fall in car lending.