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May 14 2020
La Trobe Financial has announced an RMBS raising of over $1 billion, with the AOFM involved in the deal.
May 13 2020
The non-major has joined peers in tightening its credit policy, with new measures put in place to verify a borrower’s financial position prior to final approval.
May 12 2020
The major bank has announced a number of changes to its home lending policy, including a reduction to the maximum LVR for self-employed applicants.
May 12 2020
The financial services group has forecast $2.7 billion in costs for the 2020 financial year, which includes $133 million in credit provisions linked to the COVID-19 crisis.
May 8 2020
The value of new investor loan commitments has dropped for the fourth month in a row, new data has shown.
May 5 2020
The major bank’s cash earnings have plunged by 70 per cent, triggered by a spike in provisions associated with the COVID-19 crisis and one-off costs relating to AUSTRAC action.
May 1 2020
The major bank has set aside over $1 billion in new credit impairment charges, as it braces for a rise in delinquencies following the expiry of loan deferral periods.
May 1 2020
Heritage Bank has appointed an ex-Westpac NZ chief executive as the replacement for Vivienne Quinn, who has stepped down after 25 years.
Apr 30 2020
The lender has joined peers in requiring brokers to ramp up their probe of their client’s financial position.
Apr 30 2020
The major bank has announced that 1,000 first home buyers have now finalised the purchase of their home under the FHLDS, with a further 2,400 promised a place in the scheme.
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