Lender

A new lender is now operating as a foreign ADI after being granted a licence from APRA.

The major bank is making changes to its executive leadership team as the banks continues its “focus on earning trust and restoring the reputation” of the institution.

The corporate watchdog is seeking consultation from banking and finance industry stakeholders regarding its new product intervention powers and has also announced a new set of public ...

Commonwealth Bank has committed to overhauling its privacy policies and procedures under an enforceable undertaking it has entered into with the Australian Information Commissioner.

This column is going to be a little controversial; however, lenders are well within their rights to keep a portion of future rate cuts up their sleeve.

A multinational non-bank lender has commenced operation in Australia in a bid to disrupt the domestic market as it seeks to service unmet demand.

The Reserve Bank of New Zealand has called for two reports from ANZ New Zealand “to provide assurance it is operating in a prudent manner”.

The share of new loans approved with an LVR grater than 80 per cent has increased, despite continued tightening in lending standards, according to a new analysis of APRA data.

The major bank has reversed its decision to ease its mortgage serviceability policy, just hours after confirming it would go ahead with the changes. 

A big four bank has eased its serviceability requirements for low-risk home loan customers, in a move that would provide its credit officers with the power to “override” serviceability ...