Lender

The social media giant has announced plans to expand into the finance arena by launching a new global blockchain-powered currency.

The Reserve Bank has pointed to new research suggesting that tighter lending standards have improved financial stability in the mortgage market.

A new acting CEO of ANZ New Zealand has been appointed to replace David Hisco, who has been embroiled in allegations of mischaracterising personal expenses.

The Commonwealth Bank has announced the sale of its financial advisory business for $2.5 million. 

The prudential regulator has insisted that it has considered competition risks in the mortgage market when formulating proposed changes to the capital framework in the banking sector. 

The major bank has “simplified” its mortgage offering for first home buyers, introducing new owner-occupied products and withdrawing some of its fixed rate investment loans.

The ABS has reported an increase in housing finance commitments off the back of an “upside surprise” in the value of owner-occupied lending.  

It is the final week to provide feedback on APRA’s proposal to amend its guidance on serviceability assessments.

The Housing Industry Association is encouraged by the new housing minister’s commitment to improving housing supply.

The major bank will be required to remediate almost 5,000 additional home loan customers that were overcharged interest after it failed to properly link their loans to offset accounts.