Lender

The majority of loans on repayment pauses are made up of housing loans, while less than 2 per cent of all loans have remained in deferral.

The Financial Services Council has appointed MLC Wealth’s acting managing director, Andrew Morgan, as a director of the FSC board.

The major bank has recorded a multibillion-dollar mortgage portfolio growth, propelled by owner-occupier lending, while the other major banks have also recorded growth across their loan ...

National Australia Bank is set to acquire 100 per cent of the shares in digital lender 86 400, in a bid to help grow NAB’s digital brand, UBank.

The digital loan platform has reported strong mortgage activity in January, noting pressure on banks to keep up, according to its latest report.

Home loan commitments have soared across Australia and were above year-ago levels in all states and territories despite COVID-19, a new report has shown.

CBA’s investment fintech, x15ventures, has hired its first non-executive, independent chairman and a new portfolio adviser.

The major bank has announced that its group general manager internal audit, Shane Buggle, will take on the role of acting chief financial officer from next month.

As the COVID-19 repayment deferral period concludes at the end of this quarter, some lenders have stopped accepting new applications for deferrals.

Heartland Australia Group has completed a senior unsecured bond placement of $75 million.