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NHFIC surpasses $500m in affordable housing finance
28 August 2019
Suburban house

The National Housing Finance and Investment Corporation (NHFIC) has revealed that it has surpassed the half-billion mark in loans provided to community housing providers over the last 12 ...

Household Capital launches new drawdown loan facility
27 August 2019
Old person

Retirement lender Household Capital has announced the launch of a new drawdown loan facility that provides retirees with access to additional funds. 

CBA announces executive leadership appointments
27 August 2019
CBA

The major bank has made changes to its executive leadership team, which include a new appointee charged with overseeing programs designed to manage risk and simplify the bank.   

Gonski reveals why ANZ failed its customers
26 August 2019
Gonski reveals why ANZ failed its customers

Short-termism, complacency and a lack of accountability are among the issues that have led to ANZ Bank failing its customers, chair David Gonski has admitted. 

ASIC sues NAB over unlicensed introducers
23 August 2019
ASIC sues NAB over unlicensed introducers

The Australian Securities and Investments Commission has commenced a court case against NAB over allegations that 16 bankers accepted loan information and documentation from 25 unlicensed ...

Citi’s mortgage rates plunge by up to 160 bps
23 August 2019
Citibank

The non-major has reduced variable and fixed rates across its owner-occupied and investment home loan products.

Cashflow Finance reports 226% growth in equipment finance
23 August 2019
Cashflow Finance reports 226% growth in equipment finance

Strong broker uptake of CML Group’s equipment finance offering has helped the lender build revenue from this stream by 538 per cent in the last finance year, its results showed.

Westpac subsidiaries drop fixed rates by up to 140 bps
22 August 2019
Percentage

The Bank of Melbourne, BankSA and St.George Bank have slashed fixed rates across their owner-occupied and investment home loan offerings.

ANZ questioned over mortgage processing lags
21 August 2019
ANZ

Slow adaptation to new technology has been named among the causes of an increase in ANZ’s processing times for home loan applications.

Westpac reports spike in mortgage delinquencies
21 August 2019
Westpac

The major bank has released a quarterly ASX update, reporting a rise in arrears across its home loan portfolio.