Lender

Of the big four banks, Westpac has the smallest capital buffer in place to absorb a rise in COVID-induced capital losses, Morgan Stanley has observed.

Two-thirds of banking executives say that technology will continue to drive global banking in the next five years, while 77 per cent see artificial intelligence making a splash, a new survey ...

The NSW government has announced that it will guarantee up to $750 million in commercial loans to help universities recover from the impact of the coronavirus pandemic.

One in three mortgage deferral customers have opted to recommence paying down their debt ahead of the expiry of their repayment holidays, ANZ has revealed.

The Federal Court has charged the major bank for breaching its legal obligations after it overcharged fees and interest on loans over a 10-year period.

The property group has rolled out a new platform aimed at providing prospective home buyers with market research and analysis to inform their purchasing decisions.

Westpac is offering New Zealand customers an interest-free loan of NZ$10,000 to install energy-saving improvements such as double glazing or insulation to their homes.

The major has conceded that its AML/CTF compliance failures were partly due to “deficient financial crime processes, compounded by poor individual judgements”.

Credit provider MoneyMe has announced the launch of a “buy now, pay later” service for landlords to cover maintenance, repairs and marketing costs.

The major bank has announced its intention to sell its New Zealand-based asset finance business, UDC Finance, for NZ$762 million ($706 million) to Japan’s Shinsei Bank.