Lender

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.

The bank has outlined its commitment to transforming its banking practices in light of a shift in customer preferences.

The specialist lender has announced the launch of a new loan portal, aimed at simplifying the lodgement process for its broker network.

Macquarie Bank has reported stronger mortgage portfolio growth than four of its largest competitors in the non-major lending space, according to the latest data from APRA.

A tenth of new borrowers are “struggling” to meet mortgage repayments, which, according to ASIC, suggests that they’re “underestimating” the need to alter their post-settlement spending ...

The non-bank has announced the appointment of three senior bankers to its executive team.

A change of plans has been announced in relation to CBA’s $2.4-billion divestment of its life insurance businesses. 

Macro-prudential measures, once seen as “unusual and controversial”, are now an accepted part of APRA’s expanded “armoury”, according to chair Wayne Byres.

Moula has announced the launch of a “buy now, pay later” product for small businesses in response to demand.