Lender

A non-major lender has reduced its risk appetite in response to market conditions, lowering its maximum LVR for lending to owner-occupiers.

Auction volumes and clearance rates have continued their upward trajectory, rising again from the previous weeks’ numbers.

The corporate regulator has released final regulatory guidance outlining how it will intervene when it believes a financial services product could do consumers significant harm.

The prudential regulator has handed over its investigation of Westpac’s alleged breaches of the Corporation Act and the Banking Act to the corporate watchdog.

The executive director of ME Bank and a former Westpac institutional head are among several recipients named in this year’s Queen’s Birthday Honours List.

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

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

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

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.

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.