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Non-bank winds back lending restrictions
17 June 2020
lending restrictions

A non-bank lender has rolled back a number of credit policy changes it imposed in response to the COVID-19 crisis.

Suncorp appoints former CBA exec
16 June 2020
Suncorp

Suncorp Group has announced the appointment of Adam Bennett to the role of chief information officer.

ANZ joins peers, revises IO policy
15 June 2020
ANZ joins peers, revises IO policy

The major bank has amended its assessment policy for interest-only home loans, in line with new regulatory guidance from APRA.

Westpac under more AUSTRAC investigation
15 June 2020
Westpac

A major bank has revealed that it is under further investigation by AUSTRAC after it self-reported a number of additional issues to the regulator.

Westpac most vulnerable to rise in defaults: Morgan Stanley
11 June 2020
Westpac most vulnerable to rise in defaults: Morgan Stanley

Of the big four banks, Westpac has the smallest capital buffer in place to absorb a rise in COVID-induced capital losses, Morgan Stanley has observed.

Finance executives banking on technological innovation
11 June 2020
Finance executives banking on technological innovation

Two-thirds of banking executives say that technology will continue to drive global banking in the next five years, while 77 per cent see artificial intelligence making a splash, a new survey ...

NSW government launches university loan guarantee
10 June 2020
NSW University

The NSW government has announced that it will guarantee up to $750 million in commercial loans to help universities recover from the impact of the coronavirus pandemic.

Deferral customers prematurely resuming repayments: ANZ
9 June 2020
mortgagebusiness

One in three mortgage deferral customers have opted to recommence paying down their debt ahead of the expiry of their repayment holidays, ANZ has revealed.

CBA fined for overcharging interest
9 June 2020
CBA

The Federal Court has charged the major bank for breaching its legal obligations after it overcharged fees and interest on loans over a 10-year period.

REA launches new home buyer insights hub
9 June 2020
REA launches new home buyer insights hub

The property group has rolled out a new platform aimed at providing prospective home buyers with market research and analysis to inform their purchasing decisions.