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May 25 2020
The non-major is expected to announce new collective provisions associated with heightened credit quality risks from the COVID-19 crisis.
May 22 2020
The big four bank has decided not to extend its LMI contract with Genworth in a bid to “simplify” its home lending business.
May 22 2020
Virgin Money has announced that it has lowered new variable home loan rates and increased its cashback offer to $2,500 on new eligible refinance loans.
May 19 2020
The big four bank has announced several executive changes, including the departure of the chief executive of its consumer banking division.
May 19 2020
Auswide’s bid to acquire a Queensland-based lender has been rejected by the group’s board.
May 18 2020
The “extremely uncertain” housing market outlook is set to trigger a “collapse” in demand that could last until late 2021, according to ANZ Research.
May 15 2020
The bank’s move to reduce the amount borrowers could redraw was “absolutely” the right decision, CEO Jamie McPhee has told a parliamentary committee.
May 15 2020
ASIC has facilitated over $160 million in remediation payments to more than 430,000 customers who have been sold “junk" consumer credit insurance from lenders and insurers.
May 14 2020
Two ex-Westpac group executives have teamed up to create a new digital home loan provider, successfully closing a $33-million capital raise.
May 14 2020
The major bank has earmarked an extra $1.5 billion for forward-looking adjustments in relation to COVID-19, bringing the total provisions to $6.4 billion.
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