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Credit industry on track to improving lending decisions

The Australian Retail Credit Association (ARCA) has welcomed the government’s response to the Financial System Inquiry in relation to comprehensive credit reporting.

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Competition drove lending standards to ‘horribly low level’: APRA

The prudential regulator has revealed that strong competition between mortgage providers was driving lending to "horribly low levels" before APRA intervened.

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Regulators ‘alert’ to non-bank investor lending

The Reserve Bank of Australia has warned that financial services regulators are keeping a close eye on the investor lending activity of the non-bank sector.

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Lender records 72% surge in pre-tax profit

An Australian mutual lender has posted a strong profit result for the year to 30 June.

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Govt acts on FSI vertical integration recommendations

After much anticipation the government has today published its response to the Financial System Inquiry.

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CBA to repay $7.6 million

The Commonwealth Bank of Australia will refund approximately $7.6 million to around 8,400 of its agribusiness customers after reporting a number of errors to ASIC.

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NAB to evaluate impact of branches

NAB’s online banking business is thriving, and soon it will have to reassess the impact of its physical branches in order to continue innovating, according to managing director and group ...

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Westpac completes institutional entitlement offer

Westpac Bank has completed the institutional component of its entitlement offer as it seeks to raise $3.5 billion in capital.

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Westpac move ‘credit-positive’: Moody’s

Westpac’s decision to raise $3.5 billion in capital and increase its branded variable home loan rates by 20 basis points is “credit-positive”, according to Moody’s Investors Service.

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Report highlights demand for lending professionals

A new report by a global recruitment company has revealed that lending managers and BDMs are some of the highly sought-after professionals in the finance industry.

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