Lender

Sep 21 2017

LMI provider Genworth announced this week that it has extended its contract with NAB for the provision of mortgage insurance to the major bank’s third-party business.

Sep 21 2017

The Commonwealth Bank has announced the sale of CommInsure and Sovereign to AIA as well as a "strategic review" of Colonial First State Global Asset Management.

Sep 21 2017

NAB’s decision to limit loan sizes to eight times a borrower’s income is a significant development in a market slowly coming to terms with its own risks.

Sep 20 2017

The central bank has clarified its views on Australia’s high levels of household debt and warned that “even the best lending standards” won’t save the industry from an economic shock

Sep 19 2017

AIA and Zurich have emerged as the final bidders for CBA’s life insurance assets, while Metlife and Zurich are in the frame for ANZ’s wealth management business.

Sep 18 2017

The major bank has pledged to provide 100,000 loans annually to low-income Australians as part of its ambition to improve the financial wellbeing of its customers and communities.

Sep 18 2017

APRA has said that the recent damage to CBA’s reputation is “unhealthy for the bank, it’s unhealthy for the banking system and it’s unhealthy for the country”.

Sep 12 2017

In a bid to address the issues that affect older Australians, the Australian Securities and Investments Commission will impose greater scrutiny on reverse mortgages.

Sep 12 2017

The bank has reduced the interest rate on some of its fixed rate loans due to “recent reductions to fixed rate funding costs”.