Lender

The corporate regulator has revealed that it will review its updated responsible lending guidance after deciding not to take further action in the “wagyu and shiraz” case.

Fintech lender Xinja Bank has announced that it is to launch a US share trading platform for its customers, subject to regulatory approval.

The major bank’s head of retail and commercial banking is anticipating a rise in requests for loan repayment holidays off the back of a second wave of shutdown measures.

The small business ombudsman has called out a short-term lender after it reportedly “refused to engage in mediation” and took direct action against a small business client.

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

The major bank has outlined findings from a review into its culture, governance and accountability practices, launched in response to AUSTRAC’s investigation.

Citigroup saw its net income for the second quarter of the year plummet by 73 per cent from its year before, as the pandemic increased credit costs and dried up consumer spending.

The corporate regulator is expected to announce “in the coming business days” whether it will prolong its responsible lending saga with Westpac.

The major bank is most vulnerable to a COVID-induced spike in credit losses and is set to raise its collective provisions, according to Morgan Stanley.

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