Lender

A major bank’s full-year results signal the emergence of increased earnings pressure in the Australian banking sector, according to Fitch Ratings.

Commonwealth Bank CEO Matt Comyn has said that he is expecting home lending to grow this financial year, despite the bank reporting a $4 billion drop in the volume of new loans settled.

Debtor finance and cash flow management fintech Skippr has secured a further $16 million to grow its finance book and help drive expansion.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

The Adelaide-based fintech has announced raising $11.5 million in a series B round of funding.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

The “loss of momentum” in the consumer price index is likely to reaffirm the Reserve Bank’s cash rate outlook, according to ANZ.

The non-major lender has announced the retirement of its managing director and CEO, Nicholas Moore, whose replacement has also been announced.

The banking revolution is “not around the corner” and will not “transform the industry and sweep away old institutions”, according to productivity commissioner Stephen King.

Thousands of Australian mortgagors could be “trapped” with their existing lenders as credit criteria become increasingly stringent, according to a new study.