Lender

The legal case between the Commonwealth Bank and AUSTRAC regarding breaches of money laundering and counter-terrorism laws will be referred to mediation rather than being dealt with in court

CBA executive general manager of Commonwealth Private Marianne Perkovic has been appointed director at the Financial Services Council, replacing Annabel Spring.

The major bank has expressed its support for the Productivity Commission’s proposal to refund lenders mortgage insurance premiums to eligible customers.

The major bank has announced that it will begin collecting customer repayment history next month ahead of the introduction of comprehensive credit reporting.

Australia’s largest bank has been interrogated by the financial services royal commission for its tardy reporting of issues concerning its mis-selling of home loan insurance.

The major bank has announced that it will explore the possibility of floating New Zealand-based asset finance company UDC Finance.

The first round of hearings set the tone for a far-reaching inquiry that could send banks and mortgage businesses into damage control.

CoreLogic has suggested that a loosening of APRA’s macro-prudential measures and recent discounting of mortgage rates could see a resurgence of investor lending.

Australian fintech lenders have welcomed a new report which found that SMEs are continuing to turn to fintech and other non-bank lenders for their growth fund needs.

A confidential letter penned by CBA chief executive Ian Narev in which he expresses his views about broker remuneration has been dissected before the royal commission.