Lender

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

Heartland launches digital home loan product
9 March 2020
home loan product

The New Zealand-based bank has launched its first digital home loan for owner-occupiers, and has its sights set on expanding its presence in the Australian SME market.

Xinja suspends uptake of savings product
9 March 2020
Xinja Bank

The neobank has ceased offering its savings product to new customers in a bid to ease funding pressures and preserve its savings rate.

AMP, Westpac found wanting by customers
6 March 2020
AMP and Westpac

Westpac and AMP have been labelled among the least trustworthy banks, new research has found.

Baird to exit NAB, interim replacement announced
5 March 2020
Baird to exit NAB, interim replacement announced

The big four bank has announced that the head of its retail bank has resigned from his post.

Macquarie, ING, among host of non-majors to slash rates
5 March 2020
Macquarie, ING, among host of non-majors to slash rates

Lenders have continued to slash their mortgage rates in response to the Reserve Bank’s latest monetary policy decision.

Xinja launches capital raise to fund lending ambitions
5 March 2020
Xinja

The neobank has announced the launch of its series D capital raise, open to “sophisticated” investors via the Equitise platform.

Heritage launches loan splitting product for ‘rentvesting’ FHBs
4 March 2020
Heritage Bank

The customer-owned bank has rolled out a new offering aimed at hedging debt risks for investor FHBs.

Key benefits of becoming a business loan affiliate partner
3 March 2020
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BNK earnings bolstered by lending boost
3 March 2020
Simon Lyons

The bank has reported an improvement in its underlying earnings, driven by an increase in the uptake of is on-balance sheet loan products.