Lender

Dec 11 2020

AMP has announced the appointment of Scott Hartley as CEO of AMP Australia, effective 11 January 2021.

Dec 11 2020

The federal opposition has argued that the removal of responsible lending obligations could instigate another round of predatory lending amid the introduction of the bill into Parliament.

Dec 9 2020

New residential mortgage lending across ADIs has increased by almost 19 per cent in the September quarter compared with last year, according to new data.

Dec 7 2020

Crowd Bank, a Japanese crowdfunding platform, has entered into the Australian market after becoming an investor in marketplace lender Zagga.

Dec 7 2020

The non-bank lender has reduced variable interest rates on its Prime Alt Doc product in a bid to assist self-employed borrowers in their recovery post-COVID-19.

Dec 7 2020

Westpac has announced that it will sell its general insurance business for $725 million as it looks to simplify its operations.

Dec 4 2020

The major bank will develop an integrated remediation plan on all activities related to risk governance and report to APRA each quarter as part of its court enforceable undertaking.

Dec 3 2020

The central bank governor has voiced his support for the proposal to scrap responsible lending laws “in the spirit of reducing unnecessary regulatory burden”.

Dec 3 2020

Customer-owned banks may need to look at merger options in their recovery plans should they seek to avoid failure in the event of a severe financial stress, the deputy chair of APRA has ...