Lender

AMP Ltd has announced that a former CEO of Bendigo and Adelaide Bank will join the board from 1 July 2021.

The non-major bank has completed a $24.2-million capital raising from retail investors, as it has named a new board director.

The major bank has confirmed that it will not proceed with the demerger of its New Zealand business.

The Federal Court has dismissed ASIC’s application over alleged breaches of consumer credit provisions by short-term lenders Cigno and BHF Solutions.

Increased property price caps for those purchasing homes using the First Home Loan Deposit Scheme and the Family Home Guarantee from 1 July 2021 have been welcomed by industry.

CBA has sold its Australian general insurance business to South African insurer Hollard Group and entered a 15-year distribution deal.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

The federal Treasurer has granted approval for a non-major bank to hold a controlling stake of 100 per cent in Members Equity Bank Limited.

The prudential watchdog has granted Sydney-based challenger in1bank an extension for its restricted banking licence.

The prudential regulator has written to ADIs to ensure that they are proactively managing lending risks and focusing on lending standards amid some increased risk-taking, according to the ...