Lender

AUSTRAC’s investigation into Westpac’s alleged breaches of anti-money laundering and counter-terrorism laws has widened amid new revelations from the major bank.

Westpac announced the looming departure of one of its longest-serving executives.

SME lender Grow Finance Group has completed its acquisition of an invoice finance lender, its second acquisition in less than a year.

The parent company of BankStatements.com.au is to resell Tic:Toc’s lending solution to other lenders in a bid to improve turnaround times.

The major bank has revised its application process for loans backed by the First Home Loan Deposit Scheme in a bid to ‘manage demand’ .

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.

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