Lender

The customer-owned bank’s home loan portfolio has contracted despite over $1.6 billion in settlements, contributing to a 15 per cent hit to its bottom line.

The major bank is recruiting hundreds of new bankers to support businesses through the COVID-19 pandemic.

Figures showed that the number of homes taken to auction across the combined capital cities dropped last week, while activity has remained subdued in Melbourne.

The central bank’s board has announced its monetary policy decision amid speculation of a cut to the cash rate.

Non-bank lender Firstmac has suggested that the RBA’s term funding facility could “kill off competition in the home lending market” by putting non-banks at an unfair disadvantage

Non-bank lender Resimac has announced that it has planted 35,000 trees through its Carbon Conscious program since committing to plant a tree for every new loan settled.

The mutual bank has announced that it has launched its open banking platform and will share certain data through API integration.

ANZ and the Commonwealth Bank have each recorded multibillion-dollar mortgage portfolio growth, far exceeding their big four peers, APRA data has revealed.

The mutual bank has become the latest among a slew of banks to announce a cashback offer, with the bank specifically targeting first home buyers.

While still expecting a change in the official cash rate, the major bank’s senior economist has backtracked from his view that this would occur on the same day as the budget.