Lender

Three major banks have agreed to settle a class action relating to the sale of three consumer credit insurance products.

FINSURE EXPANDS WHITE LABEL OFFERING WITH PEPPER MONEY

The major bank is anticipating a drop in home lending growth next year but has reported home lending up 7.1 per cent end September.

Suncorp’s sale to ANZ would add to Australia’s banking “oligopoly”, Bendigo-Adelaide Bank has declared.

The non-bank lender has welcomed its first female board member to its ranks, as it farewells long-serving board member Andrew Kemp.

The non-major bank has reportedly recovered over $10 million from scammers over the last 12 months.

Westpac has recorded improved consumer and business loan books, its 2022 full year results have revealed.

A big four bank engaged in “unconscionable conduct” by charging customers periodic payment fees even though it knew it was overcharging, the Federal Court has found.

The regulator has granted a restricted ADI licence to a new bank for the Australian market.

The major bank has announced the retirement of Peter Marriott from the Westpac board at the end of the 2022 annual general meeting.