Lender

A KPMG report has found that customer-owned banks are responsible for almost 6 per cent of mortgage lending in Australia. 

Non-banks increased their exposure to higher loan-to-income (LTI) mortgages after banks were forced to tighten serviceability buffers, according to the Reserve Bank of Australia (RBA).

The troubled investment bank will borrow approximately $80 billion from Switzerland’s central bank amid ongoing liquidity concerns.

BlackRock chairman Larry Fink is concerned that recent turmoil in the US banking sector could be the beginning of a slow-moving crisis among lenders.

A survey has revealed that borrowers are not turning to brokers when seeking a green home loan and are opting for a DIY approach.

ASX-listed lender Latitude Financial Group has been hit by a cyber-attack believed to have originated from a major vendor of the company.

Sydney-based start-up venture Downsizer has raised $3.75 million in seed capital to accelerate the growth of its SaaS platform.

Quarterly banking data from the prudential regulator shows the impact that rising rates have had on new residential mortgage activity.

The digital lender has been approved as an unrestricted accredited data recipient by the ACCC under the Consumer Data Right.

A number of non-major banks have confirmed that they have moved to pass on the latest interest rate change.