Lender

Major bank CFO quits, CEO ‘disappointed’
23 December 2020
Major bank CFO quits, CEO ‘disappointed’

A big four bank’s chief financial officer has resigned to pursue a career elsewhere, leaving the bank's CEO “disappointed”.

Better borrowing power a boon for pre-Christmas sales
23 December 2020
Better borrowing power a boon for pre-Christmas sales

The recent reduction of a number of “floor rates” to under 5 per cent could see vendors receiving strong sales up to Christmas and again from early January, a network managing director has ...

Fintech announces new CEO
22 December 2020
Michael Phillipou

Sandstone Technology has announced that it is promoting its chief customer officer, Michael Phillipou, to CEO.

La Trobe Financial to defend ASIC claims
22 December 2020
La Trobe Financial to defend ASIC claims

The non-bank lender has rejected the assertions made by ASIC that some of its historical advertising for certain products of its credit fund may have been misleading, outlining that it will ...

Jane Hume given expanded role in cabinet reshuffle
21 December 2020
Jane Hume given expanded role in cabinet reshuffle

Senator Jane Hume has been promoted to Minister for Superannuation, Financial Services and the Digital Economy, as part of Prime Minister Scott Morrison’s cabinet reshuffle.

LATEST PODCAST: Tracking mortgage sentiment
21 December 2020
LATEST PODCAST: Tracking mortgage sentiment

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

ACCC green-lights NAB’s $1bn sale of MLC
18 December 2020
ACCC green-lights NAB’s $1bn sale of MLC

NAB’s $1-billion sale of MLC Wealth to IOOF is set to go ahead after the competition commission said it would not oppose it.

Non-majors outperform majors in customer satisfaction
18 December 2020
Non-majors outperform majors in customer satisfaction

A non-major bank has topped the banking sector overall in customer satisfaction, with the big four trailing behind, according to new data.

Lendi-Aussie merger details revealed
17 December 2020
Lendi-Aussie merger details revealed

Online brokerage Lendi and franchise brokerage Aussie will remain as separate brands under the proposed merger, with Lendi technology eventually underpinning the two, CEO David Hyman has ...

Don’t use deferrals to ‘hide problem loans’: RBA
17 December 2020
Don’t use deferrals to ‘hide problem loans’: RBA

The RBA has issued a warning to lenders regarding deferrals and the “two new big challenges” facing Australian banks.