Lender

The big four bank will slash its head office roles by around 20 per cent, after an initial restructure of its executive team.

AMP Bank has appointed a former fintech leader as its new head of lending operations and client assist.

A jump in new owner-occupier mortgages was the primary driving force behind a $1.3 billion rise in housing loans through December.

Bendigo and Adelaide Bank Limited has announced changes to its executive structure, bringing two banking businesses into one division and farewelling a chief executive.

The digital lender has recruited two new executives from Judo and Aussie.

The Reserve Bank’s governor has insisted the board is “prepared to be patient” and to wait for the right conditions for a cash rate change.

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Genworth will remain the exclusive lenders mortgage insurance (LMI) provider to the big four bank for another three years.

Bendigo and Adelaide Bank has stated this board addition will bring “valuable insight” as it continues its “transformation agenda”.

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