Lender

ASIC targets CBA for consumer protection breaches
17 March 2020
ASIC targets CBA for consumer protection breaches

ASIC has announced a series of civil proceedings against CBA in relation to breaches of the ASIC Act and the National Consumer Protection Act.

Fed announces 100 bps cut, commences QE
17 March 2020
The US Federal Reserve

The central bank has pre-emptively slashed the funds rate and has committed to purchase up to $900 billion in US Treasuries and mortgage-backed securities in a bid to curb the economic shock ...

Westpac cops another class action
16 March 2020
Westpac cops another class action

The major bank has been served with its third class action suit, continuing the fallout of damning AUSTRAC allegations against the bank pertaining to 23 million breaches of anti ...

QE measures ‘not yet a given’: ANZ Research
13 March 2020
QE measures ‘not yet a given’: ANZ Research

While the RBA is likely to cut the cash rate to 0.25 per cent in April, ANZ Research suggests that the prospect for alternative monetary tools, such as quantitative easing, is “very real” ...

APRA appoints former NAB exec to leadership role
13 March 2020
APRA

The prudential regulator has appointed a former group executive of NAB and the Bank of New Zealand to a senior policy leadership role.

Coronavirus clouding lending outlook: ANZ
12 March 2020
ANZ

The ABS has reported a sharp pick-up in mortgage volumes in January, however, the positive result has been overshadowed by “uncertainty” in the outlook, according to ANZ Research.

Automation to sting half of all bank workers
12 March 2020
Automation to sting half of all bank workers

Almost half of all bank workers and a similar number of financial brokers face the threat of losing their jobs to technological automation, according to new research.

AFCA home loan complaints target lenders
11 March 2020
AFCA

The number of complaints made to AFCA against lenders about home loans is significantly higher than those against mortgage brokers.

Greens commit to home building to fend off recession
11 March 2020
Greens commit to home building to fend off recession

The Australian Greens have committed to build half a million new homes in a bid to create new jobs and apprenticeships and “push back the risk of recession nationally”.

ANZ job cuts ‘beyond belief’
10 March 2020
ANZ

The major bank’s decision to cut hundreds of jobs has been rebuked by the Financial Sector Union, which fears the financial welfare of outgoing employees amid growing economic uncertainty