Lender

In a move partly focused on guiding its approach towards diversity and inclusion, the non-bank has appointed Dr Jane Watts to its board.

The banking group has confirmed it will be closing branches under the Westpac, Bank of Melbourne or St.George brands in more than 20 locations.

From Friday (1 July), 40,000 new places have become available under the federal government’s schemes to help Australians buy their own home.

The prudential regulator has revoked Citigroup Pty Limited’s banking licence following the completion of its sale to NAB.

Less than five months after its business and agribusiness divisions were joined, the banking group has appointed the conglomerate’s first leader.

Neo-lender Volt Bank is handing back customer deposits and will exit the banking industry, it has been revealed.

The group has confirmed that it is currently reviewing “strategic alternatives” for its banking operations, following media reports that it is considering a sale.

AMP Limited has confirmed that Andrew Best has been appointed to its board, with his tenure commencing from next month.

Non-bank lender Wave Money has welcomed David Jeffery to the role as senior lending specialist.

Customer-owned banking institutions will need to apply more stringent measures to ensure vulnerable customers are identified and supported.