Lender

Former Westpac institutional bank chief executive Lyn Cobley has joined the Commonwealth Bank of Australia’s board of directors.

Pepper Money’s Malcolm Withers has been named the new chief commercial officer of Prime Capital, succeeding Steve Sampson, who will become CEO.

The use of mortgage offset accounts has continued to rise according to recent Commonwealth Bank research.

The chair of ANZ has warned the fast-paced digital innovation across the financial services will disrupt the industry.

The non-bank lender has priced a $1.25 billion residential mortgage-backed security transaction, its sixth for 2022.

NAB has announced its support for the creation of a digital identity ecosystem to streamline identity validation and to further protect Australians against fraud.

Banks continue to build their business loans, with growth in business loans outpacing that of mortgages in July, new APRA data has found.

Bendigo and Adelaide Bank Limited has appointed Alistair Muir as a non-executive director.

New residential mortgage originations hit a new record of $3.9 billion in the last financial year, the non-bank lender has revealed.

The non-bank lender saw record settlements of $6.3 billion in FY22, taking its book to over $15 billion for the first time.