Lender

Forcing banks to lend to fossil fuel producers could affect their cost of capital and resulting loan prices, according to a big four executive.

The non-major bank has confirmed it will launch a Visa-backed buy now, pay later offering – PayLater – in November.

The major bank has joined hands with a medical defence organisation and its lending subsidiary to provide business finance solutions to healthcare professionals.

The New Zealand central bank has invited feedback on its intentions to further tighten mortgage lending standards, amid concerns around a rise in high LVR loans.

The group has restructured its leadership, with changes including the elevation of the bank’s managing director to the executive committee.

Loan refinancing commitments exceeded a record $17.0 billion in July and were 60.0 per cent higher compared to a year ago, according to new data.

The pandemic and ongoing lockdowns have had little effect on debt serviceability in Australia so far, according to a new report.

Heartland has recruited two new directors, including an ex-APRA member and banking executive.

The major banks and a number of lenders have signed an open letter to the government, asking it to stick to its path out of lockdowns.

The non-bank lender has priced a $1 billion residential mortgage-backed securities transaction at pre-GFC margins.