Lender

Westpac execs to lose bonuses: Is it enough?
26 November 2019
Westpac execs to lose bonuses: Is it enough?

OPINION: The full executive team and several members of the general management team at Westpac will lose all or part of their bonuses in 2019, as the bank assesses who is accountable for the ...

BOQ halts trading, launches capital raising
26 November 2019
ASX stockboard

The non-major suspended trading on Monday to raise $275 million from investors, in a bid to strengthen its capital position.  

New class action launched against ANZ, Westpac
25 November 2019
ANZ and Westpac

Law firm Slater and Gordon has launched two new class actions against the major banks relating to the alleged mis-selling of consumer credit insurance.

NHFIC launches $315m bond issue
25 November 2019
Australian dollars

The national housing body has released its second bond issue, the equal-largest social bond for housing in Australia.

ASIC grilled over Westpac HEM appeal
22 November 2019
ASIC

The corporate regulator has defended its move to appeal the Federal Court’s decision to overturn its responsible lending case against Westpac, amid growing scrutiny. 

Westpac CEO ‘disgusted’ by AUSTRAC revelations
22 November 2019
Westpac CEO Brian Hartzer

The chief executive of the major bank is determined to lead the bank’s response to money laundering allegations.

NAB agrees to pay $49.5m in CCI settlement
21 November 2019
NAB

The major bank has agreed to pay $49.5 million to settle a class action brought against it by Slater and Gordon in relation to consumer credit insurance.

$50m NAB-funded warehouse facility goes live
20 November 2019
Growth

A neo-lender has announced that its $50-million debt warehouse program, funded by NAB, is now live and operational.

‘We need more of it’: NAB rues loss of mortgage market share
19 November 2019
Phil Chronican

NAB chairman Philip Chronican has said the bank is intent on recovering lost ground in the home lending space, conceding that it needs to “sharpen its act”.

Prices would surge in absence of lending curbs
15 November 2019
Prices would surge in absence of lending curbs

Australia could see double-digit growth in home values if there were to be no further rate cuts or macro-prudential curbs on residential lending, according to market predictions released by ...