Lender

Chinese-owned social media platform TikTok has failed to convince IP Australia that mortgage provider Tic:Toc should change its name.

The non-bank lender has announced the appointment of Jason Arnold as its new group executive — origination.

The non-bank has confirmed it is has stopped onboarding new customers as a major cyber attack remains active.

Swiss banking giant UBS has confirmed that it will acquire embattled lender Credit Suisse in a transaction that has been structured to maintain what value is left of the business.

The first stage completion of the sale and transfer of AMP Capital’s real estate and domestic infrastructure equity business to Dexus Funds Management will occur this week.

A KPMG report has found that customer-owned banks are responsible for almost 6 per cent of mortgage lending in Australia. 

Non-banks increased their exposure to higher loan-to-income (LTI) mortgages after banks were forced to tighten serviceability buffers, according to the Reserve Bank of Australia (RBA).

The troubled investment bank will borrow approximately $80 billion from Switzerland’s central bank amid ongoing liquidity concerns.

BlackRock chairman Larry Fink is concerned that recent turmoil in the US banking sector could be the beginning of a slow-moving crisis among lenders.

A survey has revealed that borrowers are not turning to brokers when seeking a green home loan and are opting for a DIY approach.