Lender

A multinational non-bank lender has commenced operation in Australia in a bid to disrupt the domestic market as it seeks to service unmet demand.

The Reserve Bank of New Zealand has called for two reports from ANZ New Zealand “to provide assurance it is operating in a prudent manner”.

The share of new loans approved with an LVR grater than 80 per cent has increased, despite continued tightening in lending standards, according to a new analysis of APRA data.

The major bank has reversed its decision to ease its mortgage serviceability policy, just hours after confirming it would go ahead with the changes. 

A big four bank has eased its serviceability requirements for low-risk home loan customers, in a move that would provide its credit officers with the power to “override” serviceability ...

The major bank has pledged $2 billion in funding over five years for emerging technology companies in Australia.

Small business loan marketplace ebroker has received a $1 million investment from Tor Capital, whose head has now become the platform’s chief operating officer.

The financial services regulator's ‘why not litigate’ strategy, as recommended in the final royal commission report, has been misconstrued as ‘litigate first’, an ASIC commissioner has siad

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.