Lender

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

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.

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

Brokers have helped deliver a 6.9 per cent increase to MyState Bank’s loan book in just three months.

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The major bank has announced changes to its executive committee to accelerate transformation and development of common business services.

The non-bank lender bought Volt Bank’s residential loan book for $83 million, after the neobank folded earlier this year.

Mortgage insurance company Genworth has become a strategic partner of a home equity retirement funder, following a fundraising round.

Customers are being offered financial support for flood-affected areas across NSW, Victoria and Tasmania.

CBA chief executive Matt Comyn has welcomed the bank’s record year, which saw $157 billion in new lending to households.