Lender

The major bank’s net interest margin has been strengthened by its out-of-cycle mortgage rate hikes, contributing to quarterly cash earnings of over $2 billion.

ASIC’s decision to undertake a review and consider changes to responsible lending guidelines will be “credit positive” for the mortgage industry, according to Moody’s Investors Service

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The non-major bank’s net profit after tax has dropped by 4.7 per cent, coinciding with weaker home lending performance.

The corporate regulator has announced that it will undertake a review and consider changes to its responsible lending guidelines off the back of the banking royal commission. 

The federal government has tabled legislation designed to improve access to credit for Australia’s small businesses.  

The value of total home loan commitments fell by 4.4 per cent over the month in December, according to the latest ABS data.

A major bank and its subsidiaries, along with Macquarie Bank, have changed interest rates on a range of loans for both owner-occupiers and investors.

The Commonwealth Bank of Australia has committed to a series of decisions geared towards making small business lending and banking easier and more transparent.

Outgoing NAB chairman Ken Henry has acknowledged that the bank has a “long way to go” before it can meet the expectations of all of its customers.