Lender

Jaqueline Hey has officially assumed the role of chair of Bendigo and Adelaide Bank, replacing Robert Johanson.

The major bank has reported a sharp contraction in home lending volumes in FY19, as it continues to adjust to a “grey area” in the lending space. 

The LMI provider has renewed its exclusive contract with CBA for another three years, ending 31 December 2022.

A new “self-service” home loan top-up platform has been launched in Australia, in a bid to reduce inefficiencies associated with extending a loan facility.

The corporate watchdog has successfully appealed the Federal Court’s decision in relation to its dispute with Westpac regarding the meaning of “personal advice”.

A personal loan provider has announced the completion of an initial debt warehouse program funded by NAB, which could be worth up to $200 million.

The publicly listed non-major bank is focusing on high-income customers with complex financial needs.

The turnaround in housing price growth, particularly in Sydney and Melbourne, is expected to continue to “rise strongly” until the end of the year, ANZ Research has suggested.

Finance Minister Matthias Cormann has rejected claims that there has been a “concerted push” from Treasurer Josh Frydenberg to “lower lending standards” in a bid to stimulate the economy

A mutual bank has released its results for the 2019 financial year, reporting 2.5 times system lending growth.