Lender

The Federal Court has ordered the big four bank to pay a $25 million penalty for failing to provide certain benefits to customers with offset transaction accounts or its Breakfree package.

The major bank has opened grant applications for customers affected by the recent extreme weather conditions in officially declared disaster areas.

ASIC is calling on the major banks, Macquarie and JP Morgan, to benchmark themselves against a new report regarding conflicts of interest in wholesale markets.

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.