Lender

The major bank has announced that it will begin collecting customer repayment history next month ahead of the introduction of comprehensive credit reporting.

Australia’s largest bank has been interrogated by the financial services royal commission for its tardy reporting of issues concerning its mis-selling of home loan insurance.

The major bank has announced that it will explore the possibility of floating New Zealand-based asset finance company UDC Finance.

The first round of hearings set the tone for a far-reaching inquiry that could send banks and mortgage businesses into damage control.

CoreLogic has suggested that a loosening of APRA’s macro-prudential measures and recent discounting of mortgage rates could see a resurgence of investor lending.

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.