Lender

The major bank is closing dozens of branches and relocating 300 jobs to Victoria as it moves to digital channels.

The major bank has said that it is assessing the viability of another business arm, as part of a simplification strategy that has already seen its Asian and wealth-related businesses on the ...

The big four banks have announced disaster relief funds and emergency assistance to customers and businesses who have suffered damage or loss because of the floods in NSW.

The regulator has said that it is “very frustrated” by the speed at which the big four banks are returning money to customers in their advice remediation programs.

Customers affected by the NSW floods are being offered loan repayment deferrals, among other forms of financial relief, as more heavy rain is forecast.

Two major banks have settled class actions in the US in relation to the trading of bank bill swap rate-based products.

While the recent rise in “riskier” lending is not enough to prompt a regulatory response in the near term, this could change if this trend speeds up, CoreLogic has warned.

The progression of the bill repealing responsible lending laws has been delayed, after Senate adjourned the debate of its second reading until 11 May 2021.

Pepper Group has priced a $750-million RMBS, marking its first securitisation for 2021.

A big four bank has announced that it will sell its lender’s mortgage insurance business to a global specialist insurer.