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Tic:Toc raises $11.5m from Genworth, La Trobe Financial

The Adelaide-based fintech has announced raising $11.5 million in a series B round of funding.

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Stunted inflation to prolong cash rate inertia: ANZ

The “loss of momentum” in the consumer price index is likely to reaffirm the Reserve Bank’s cash rate outlook, according to ANZ.

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Stricter lending criteria leaving mortgagors ‘trapped’

Thousands of Australian mortgagors could be “trapped” with their existing lenders as credit criteria become increasingly stringent, according to a new study.

Tight, trap
CBA results will be ‘messy’: Morningstar

The major bank is expected to deliver a $9.9 billion cash profit when it reports its earnings next month, but major regulatory changes and demerger plans are muddying the forecast.

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Auction clearances in capital cities fall by 6.8%

The combined capital city auction clearance rate fell by 6.8 per cent in the June 2018 quarter, according to new data from CoreLogic.

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Former HSBC boss to join Westpac board

The big four bank has appointed a former CEO of HSBC (Hong Kong) as a new independent non-executive director to the board as well as a member of its risk and compliance committee and Asia ...

Appointment, handshake, HSBC, Westpac, board, join
Analysis: Is SMSF lending on the chopping block?

With Westpac and its subsidiaries bowing out of the SMSF lending space, the future of this niche offering is uncertain.

Question mark, SMSF lending, Westpac, AMP, David Murray
ANZ, NAB deny misconduct in agribusiness cases

The major banks have denied that their treatment of agribusiness customers amounted to misconduct.

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Westpac pulls out of SMSF loans

A big four bank has announced that, by the end of this month, it will no longer offer self-managed super fund loans for new consumer or business lending.

Westpac bank, SMSF loans
Personal loan commitments fell by 4.5% in May

The value of total personal finance commitments fell by 4.5 per cent in May, the latest ABS data has revealed.

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