Lender

The major bank has announced the appointment of a new chief financial officer.

A major bank-owned lender has introduced a new LMI offering for first home buyers with a 15 per cent deposit.

The corporate regulator has proposed to use its product intervention powers to address “significant detriment” caused by continuing credit products.

The federal government’s fund manager has paused investment rounds on the $2-billion Australian Business Securitisation Fund in light of current market conditions.

The non-bank lender has revealed that it is looking to roll out new products in the second half of the year, adding to its loan product suite.

Australia’s longest-serving finance minister will leave politics at the end of the year, adding that he has “left nothing on the field”.

Two non-major banks have introduced Apple Pay for cardholders as contactless payments continue to soar in the wake of COVID-19.

The prudential regulator has imposed new licensing conditions on the financial services institutions following an investigation into matters referred by the banking royal commission.

The major bank has far outpaced its peers in the mortgage market, with its portfolio growth doubling its nearest competitor, according to the latest APRA data.

A further 10,000 places have officially been made available under the government’s First Home Loan Deposit Scheme.