Lender

The major lender has announced changes to its fixed rates on owner-occupier and investment loans, effective immediately.

HSBC Australia has introduced an owner-occupier mortgage with a rate of 3.59 per cent, which it says is the “lowest of all national banks”.

Australia’s biggest bank is expected to deliver a $10.3 billion cash profit in FY18 despite uncertainty around the AUSTRAC court case and the upcoming Royal Commission.

The major bank has announced that it will donate $10 to financial wellbeing programs for every ace served at the Australian Open.

The regional lending and property markets are still riding the boom despite reports of a slowdown in some of Australia’s capital cities, according to a regional lending specialist.

The major bank believes that the Reserve Bank of Australia will raise the cash rate by 25 basis points in August and November.

ANZ CEO Shayne Elliott has explained how he feels about the upcoming royal commission, the risks involved and why the bank and its big four peers prompted the government to get on with it.

As the year draws to a close, home loan lender ME Bank outlines five key trends that borrowers may encounter in 2018.

Creditsimple.com.au has launched a new product to help Aussies clear outstanding defaults at a discount.

Moody’s has suggested that Australia may be encouraged by New Zealand’s actions to loosen macro-prudential measures.