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Jun 11 2020
Of the big four banks, Westpac has the smallest capital buffer in place to absorb a rise in COVID-induced capital losses, Morgan Stanley has observed.
Jun 9 2020
One in three mortgage deferral customers have opted to recommence paying down their debt ahead of the expiry of their repayment holidays, ANZ has revealed.
Jun 9 2020
The Federal Court has charged the major bank for breaching its legal obligations after it overcharged fees and interest on loans over a 10-year period.
Jun 5 2020
The major has conceded that its AML/CTF compliance failures were partly due to “deficient financial crime processes, compounded by poor individual judgements”.
Jun 1 2020
Westpac was the only big four bank to kick off the June quarter with a contraction in its mortgage book, according to the latest APRA data.
May 29 2020
The non-major has set aside additional capital to absorb expected losses from the COVID-19 crisis.
May 27 2020
Australia’s largest mortgage lender is considering an expansion of its loan relief program to enable borrowers to secure interest-only terms of up to 12 months.
May 27 2020
A Sydney-based brokerage has seen a 50 per cent rise in enquiries from home loan applicants that had been previously rejected by lenders because of changes in circumstances due to COVID-19
May 25 2020
The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Shipton.
May 25 2020
The major bank has introduced changes to its interest-only offering to assist borrowers seeking repayment relief amid the COVID-19 crisis.
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