Lender

Volume growth unable to bolster CBA’s bottom line
13 November 2019
CBA

The major bank has released a trading update for the first quarter of the 2020 financial year, posting an 8 per cent decline in its cash net profit amid a “challenging operating environment”

Major bank launches free credit check
13 November 2019
Major bank launches free credit check

NAB has launched a new service that allows Australians to access their credit report and score for free, regardless of who they bank with.

Westpac opens second phase of $2.5bn capital raising
13 November 2019
Westpac

The major bank has officially opened the second phase of its capital raise following the completion of its institutional share placement.

Westpac CEO rejects ‘loyalty tax’ link to ‘fees for no service’
11 November 2019
Westpac CEO Brian Hartzer

Chief executive of Westpac Brian Hartzer has dismissed suggestions that the disparity between back book and front book mortgage pricing is comparable to the “fees for no service” scandal

Concern raised as lending commitments continue to rise
11 November 2019
Concern raised as lending commitments continue to rise

The total value of home loan commitments continues to rise month-on-month, largely driven by owner-occupiers. However, increasing loan sizes flag concern for a country already inundated with ...

NAB profits slide amid ‘disappointing’ lending result
8 November 2019
NAB

The major bank has released its full-year results, posting a 13.6 per cent decline in its statutory net profit, partly driven by a $15-billion slide in mortgage volumes.  

Macquarie, ING outshine majors in mortgage market
7 November 2019
Macquarie and ING

The non-majors have reported multi-billion-dollar mortgage book growth, outperforming three of the big four banks, the latest APRA data has revealed.

Plunge in volumes ‘deliberate’ and ‘self-inflicted’: Westpac
5 November 2019
Brian Hartzer

The major bank has released its full-year results, reporting a $14.7 billion slide in mortgage volumes, which according to CEO Brian Hartzer was partly “deliberate” and partly ...

Westpac halts trading to launch $2.5bn capital raising
5 November 2019
ASX stockboard

The big four bank has sought $2.5 billion in funds to build a buffer against “uncertainty” over capital rules, litigation and regulatory action.

Optus chair joins ANZ board
5 November 2019
ANZ

ANZ has appointed the chairman and former CEO of telecommunications company Optus to its board of directors.