Lender

It is the final week to provide feedback on APRA’s proposal to amend its guidance on serviceability assessments.

The Housing Industry Association is encouraged by the new housing minister’s commitment to improving housing supply.

The major bank will be required to remediate almost 5,000 additional home loan customers that were overcharged interest after it failed to properly link their loans to offset accounts.

Macquarie Bank, ING, and two customer-owned banks are among the lenders that have also now committed to passing on the RBA’s 25 basis point rate reduction to mortgagors, while Suncorp and ...

A former senior manager and a former manager at the major bank have been charged with fraud after allegedly misappropriating nearly half a million dollars from the bank’s internal accounts

Several lenders, including some of the major banks, have reduced their variable interest rates by 25 basis points following the RBA’s decision to reduce the cash rate to a new record low

A major bank and a non-major lender have successfully completed the sale of their insurance businesses, while AMP has delayed the commencement date of its new group CFO due to insurance sale ...

The big four bank’s residential home loan portfolio has now dropped by $2.4 billion since the turn of the year, with the lender losing more ground to its major competitors.

Two customer-owned banks have announced that they are to merge, in what is being billed as “one of the largest mergers in the customer-owned banking sector in recent times”.

The major bank has joined several lenders in cutting its mortgage rates in anticipation of a monetary policy adjustment.