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‘We can disrupt and we are’, says CBA exec

A Commonwealth Bank executive has made it clear that Australia’s biggest bank is leading the charge in disruptive technology in the financial services space.

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Online lender awarded for best value

Online lender loans.com.au has received an award for best value home loan by comparison website Mozo.

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UK lending still needs work, says regulator

The head of the UK financial services watchdog has spoken out about the challenges of regulating a sector keen to get back to lending.

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Major bank signs SMSF lending guidelines

National Australia Bank has signed two separate guidelines on lending and advice developed by the SMSF Professionals’ Association of Australia for SMSF limited recourse borrowing ...

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NAB to sell UK loan portfolio

National Australia Bank will sell a £625 million parcel of largely non-performing loans from its UK Commercial Real Estate (CRE) portfolio to an affiliate of Cerberus Global Investors ...

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Mortgage repayments ‘unsustainable’ if rates rise

Credit Suisse analysts estimate that borrowers will struggle to make mortgage repayments if the RBA raises the official cash rate by 100 basis points.

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Banks slam APRA lending guidance

Australian lenders have hit back at the prudential regulator’s draft practice guide on residential mortgage lending for being “unduly prescriptive”.

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Business confidence eases over June: NAB

Business confidence remains relatively resilient following the Budget announcement but sentiment has eased “a touch” over the June quarter, according to NAB’s Quarterly Business Survey

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ANZ says broker ‘ownership’ not in sight

ANZ will not acquire third-party businesses to bolster its share of the mortgage market despite having the smallest loan book of the major banks.

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Murray highlights key SME lending issues

The Financial System Inquiry interim report has identified key issues in the lending processes for SMEs.

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