Lender

Customer-owned banking institutions wrote $6.6 billion in the 2019 financial year, up 7.8 per cent from the previous year and outpacing growth from the major banks.

Join Alex Whitlock and Annie Kane as they delve into the latest themes and developments in the home loan market.

Non-bank lender Pepper Money has launched mortgage lending operations in New Zealand, headed up by director of sales and distribution Aaron Milburn.

The risks that prompted APRA’s initial crackdown on mortgage lending “have not gone away”, chair Wayne Byres has said, warning against a “resurgence in speculative activity”.  

The major bank will commence an “international search” for a new chief financial officer after announcing the retirement of Peter King.

The corporate regulator has used its product intervention powers to prohibit a model of short-term lending, which, it has found, causes “significant consumer detriment”.

Commonwealth Bank CEO Matt Comyn is set to replace ANZ CEO Shayne Elliott as ABA chair.  

A challenger bank has marked its official launch in Australia with the opening of a transaction and deposit account.

The value of new lending to households rose by 3.9 per cent in July 2019, reaching levels not seen since October 2014, new ABS data has shown.

Slater and Gordon has lodged a class action against two of Westpac’s subsidiaries, forming the latest legal action against the big bank.