Lender

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.

The big four bank failed to produce a document to the royal commission which revealed instances of “fraudulent payments to introducers”.

The major lender has appointed a new international head of loans and specialised finance to “strengthen the bank’s lending efforts” in Asia.

The value of investor lending bounced back in January but remains much lower than it was at the beginning of 2017.

Fresh data from the Australian Prudential Regulation Authority shows that the number of people taking out interest-only loans has fallen to a new historic low.

Two leading economists believe that APRA’s lending curbs are here to stay and have flagged a strong possibility that more macro-prudential measures will be introduced this year.

The argument that interest-only loans are risky is “factually untrue”, according to National Australia Bank chief economist Alan Oster.

ANZ CEO Shayne Elliott has dismissed calls from the Productivity Commission to offer consumers greater choice when taking up lenders mortgage insurance on their home loan.

A banking analyst is confident that Australia’s big four banks can weather the risks of interest-only loan expiries, the effects of regulatory changes and the impact of the royal commission