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Former bank CEO joins P2P lender

Peer-to-peer lender RateSetter has appointed former ING Direct chief executive Vaughn Richtor to its Australian board of directors.

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CBA confirms rate changes

The Commonwealth Bank has raised interest rates for a number of its lending products.

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Lenders announce rate cuts

Two lenders have unveiled interest rate reductions on some of their home loan products for investors and owner occupiers.

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ANZ fined for NCCP breach

ANZ has paid penalties totalling $212,500 for breaching responsible lending laws.

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'Angry' bank customers flock to smaller lenders

The head of an Australian non-bank lender has seen a significant increase in demand since banks hiked their rates last year.

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Australia to outpace US in alternative lending

Australia’s alternative lending sector will become mainstream as early as 2020, according to a global online small business lender.

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Westpac mortgage bonds receive top rating

Moody’s Investors Service has assigned Westpac a definitive AAA long-term rating to a series of its mortgage-covered bonds.

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ANZ supports start-ups with new platform

ANZ has collaborated with a business software provider to launch an online platform that enables customers to set up their own business in just one day.

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Google boss joins ANZ

ANZ has named the managing director of Google’s Australia and New Zealand operations as its new group executive of digital banking.

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European lending rates risky for Aussie RMBS

The continued decline of European inter-bank lending rates (Euribor rates) below zero poses risks to Australian residential mortgage-backed securities (RMBS), an analyst has warned.

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