Lender

More than half of the population (54 per cent) have been negatively affected by misconduct among finance service providers, according to a new study, which has estimated the total loss ...

Treasurer Josh Frydenberg has withheld his approval for the acquisition of a Queensland-based lender, requesting further details before rubberstamping the takeover.

The major bank has released a financial update for the third quarter of 2019, reporting a modest spike in its cash earnings despite a contraction in its mortgage portfolio.

Xinja Bank has appointed a new chief technology officer to help spearhead its technological offering that it says will help deliver “hyper-personalised services for customers”.

ANZ will maintain a conservative approach to mortgage lending until the industry receives further clarity from regulators, CEO Shayne Elliott has said.

The fifth-largest retail bank has reported above-system growth in residential lending in FY19, but a decline in total profit, primarily due to remediation and redundancy costs.

The non-major has launched a new digital tool aimed at reducing turnaround times for home loan applications.  

Approximately 400,000 NAB customers have been advised that they may be eligible to join a class action against the major bank for alleged mis-selling of credit insurance.   

Changes to APRA’s home lending guidance will likely have a “rather modest” effect on credit growth and would only support customers looking to “borrow at the maximum”, the Commonwealth Bank ...

The major bank has released its full-year financial results, reporting a $4-billion drop in its profits, slightly offset by above-system home lending growth.