Lender

The major bank has written off $1.6 billion in impairments relating to the economic fallout from the COVID-19 outbreak.

The big four bank has announced two senior executive appointments, including a new head of retail, and has launched a $3.5 billion capital raise aimed at strengthening the bank’s funding ...

The number of auctions held across the combined capital cities fell to 431 in the week ending 26 April, down from the 1,922 scheduled in the week prior, according to CoreLogic data.

Swiss software company Temenos has launched a range of new artificial intelligence models aimed at helping lenders onboard SMEs more quickly during the coronavirus pandemic.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Growing credit quality concerns have prompted ratings agency Moody’s to downgrade the issuer ratings and outlooks for several non-major banks.

Fintech lender Lumi has released a new line of credit product after becoming the latest non-bank lender to be appointed to the government’s Coronavirus SME Guarantee Scheme.

The lender has highlighted the need for better education around the utility of supply chain finance, following the release of the ASBFEO’s report into the product.

A Queensland Small Business Commissioner will be appointed to give small businesses a single point of contact for leasing disputes during recovery from the impact of COVID-19.

The current crisis should be used as an opportunity for lenders to overhaul their processing platforms and embrace new technology, according to fintech NextGen.Net.