Lender

Jul 4 2018

The Commonwealth Bank of Australia has announced that it will remove low documentation features on all new home loans and line of credit applications from 29 September, as it continues its ...

Jul 4 2018

Following a review of credit card lending in Australia, the regulator is looking to update responsible lending assessments so that credit cards would be deemed “unsuitable” if the limit ...

Jul 3 2018

The major bank has confirmed that the Australian Prudential Regulation Authority has endorsed its plan to address its governance issues, which includes a move to cut executive pay by $60 ...

Jul 2 2018

The major bank has said that it will “vigorously defend” a new class action proceeding being brought against it on behalf of some of its shareholders.

Jun 28 2018

A representative from ANZ has said that the bank was merely pursuing its contractual rights “to get paid” when it forced a couple to sell their century-old farm and other assets at a heavily ...

Jun 28 2018

Homeloans Ltd has announced the appointment of Jason Azzopardi as its chief financial officer, replacing Ian Parkes whose resignation was announced in April.

Jun 27 2018

The financial services royal commission has revealed that the big four bank forced the sale of an intergenerational farming family’s place of residence, despite acknowledging that the sale ...

Jun 27 2018

Reserve Bank of Australia (RBA) governor Philip Lowe has been appointed as chair of the Committee on the Global Financial System, effective immediately.

Jun 25 2018

CBA’s decision to offload its wealth business should come as no surprise to anyone. Running a “simple” outfit has now become the chief strategy for three of the four biggest banks in the ...