Lender

If 2018 set the scene through the explosive Hayne royal commission, this year is when the real changes roll in.

The global investment bank is set to begin its search for a new chief, after its CCO was appointed to head one of its foreign divisions.

The Commonwealth Bank is set to absorb millions in costs associated with its disposal and demerging of subsidiaries.  

The CBRE has reported that the total amount of commercial real estate transactions fell by nearly 10 per cent in 2018, the lowest levels recorded since 2013.

Alternative lender Capify has secured a $135 million credit facility from Goldman Sachs Private Capital to support its growth plans and provide working capital to small businesses.

SocietyOne has announced that it has appointed Westpac’s former head of finance for commercial banking as its new chief financial officer.

The CEO of a non-major lender has called on borrowers to “forget the hype” surrounding neobanks as an alternative to the big four.

The sustained rise in funding costs has forced the hand of another lender to increase its mortgage rates by up to 20 basis points.

An online legal service designed to support borrowers tackling mortgage stress has been launched by the NSW Government.

A non-bank lender has announced that it has restructured its executive team and appointed a new chief financial officer.