Lender

The major bank has increased its risk appetite for investors with interest-only repayment terms.

HomeSec Business Finance is offering up to 10 months of no repayments to Victoria-based SMEs, given the ongoing lockdown and movement restrictions.

CUA has released a new financial inclusion plan that includes more than $1 million in community investment to address vulnerability.

The major bank has officially sold its New Zealand-based asset finance business as part of a broader simplification strategy.

P&N Group has appointed its first chief transformation officer to the executive team as the customer-owned lender grows its reach.

Two of the big four banks have reported sharp contractions in their mortgage portfolios, in contrast to their peers who have built on recent momentum, new APRA data has revealed.

The major bank has agreed to sell MLC Wealth to IOOF Holdings for $1.44 billion, subject to regulatory approvals and conditions being met.

An increase in settlements via both its direct and third-party businesses has contributed to a 47 per cent increase in the group’s earnings.

Accountancy software giant Xero is set to break into SME lending by acquiring invoice finance platform Waddle and looking to launch new products.

The major bank has announced the resignation of its chairman and the appointment of his successor.