Lender

AMP’s asset management business has sold its global equity and fixed income arm to Macquarie Group.

The regulator has granted a restricted ADI licence to a digital personal lender, making it one of two restricted ADIs in Australia.

The chairman of BNK Banking Corp has resigned, prioritising his work as chief of a business lender.

Westpac has sold its New Zealand life insurance business for $373 million, after offloading its local general insurer for $725 million.

New housing loan commitments rose to a record high of almost $33 billion, driven by a spike in investor lending to the highest level since 2015, new data has shown.

Deutsche Bank has confirmed that its Australian interim boss will run the local arm on a permanent basis.

Banking industry executives have argued in favour of a refresh for the responsible lending laws, reporting dragged loan approval processes and negative hits on small-business owners.

New research has found that customers have bought property on average almost five years earlier using government home ownership schemes.

Lenders have offered additional relief measures to customers impacted by lockdowns across Australia.

The Federal Court has dismissed an application by lender Cigno, which sought to quash a product intervention order around a short-term credit model.