Lender

Westpac has said that moves to tighten lending standards could come earlier than it previously predicted amid a stronger than expected surge in house prices.

The big four bank has completed the sale of investment and superannuation arm MLC to wealth juggernaut IOOF.

Loans for investment property continue to gain pace, while owner-occupied lending slowed in April, according to new APRA data. 

The major bank has announced that it has slashed some investor home loan rates by 30 bps as the housing market sees a return of investors.

A survey has found that those who are yet to buy property have little to no knowledge about home loan products and terms like LVR, LMI and negative gearing.

Commonwealth Bank has promised that its pivot towards increased digitisation will speed up turnaround times, as it has launched an open banking pilot in its app and invested in two start-ups

The non-major bank has lowered its variable interest rates by up to 15 basis points and decreased its one-year and two-year fixed rates by 0.10 per cent.

The non-major bank has announced the completion of the institutional component of its $80-million equity raising announced earlier in the week.

BNK Banking Corp has raised $13 million from institutional investors, with plans to support the growth of its loan book and to bolster its working capital.

Nominations and submissions are now being accepted for the 28 categories of the fifth annual Women in Finance Awards.