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AMP offloads shares, bonds business

AMP’s asset management business has sold its global equity and fixed income arm to Macquarie Group.

AMP offloads shares, bonds business
Digital lender issued restricted ADI licence

The regulator has granted a restricted ADI licence to a digital personal lender, making it one of two restricted ADIs in Australia.

Digital lender issued restricted ADI licence
BNK chair steps down

The chairman of BNK Banking Corp has resigned, prioritising his work as chief of a business lender.

BNK chair steps down
Westpac exits insurance businesses

Westpac has sold its New Zealand life insurance business for $373 million, after offloading its local general insurer for $725 million.

Westpac sells NZ life insurer
Deutsche Bank confirms Aus CEO

Deutsche Bank has confirmed that its Australian interim boss will run the local arm on a permanent basis.

Deutsche Bank confirms Aus CEO
Banks say responsible lending adds complexity, hinders SMEs

Banking industry executives have argued in favour of a refresh for the responsible lending laws, reporting dragged loan approval processes and negative hits on small-business owners.

Banks say responsible lending adds complexity, hinders SMEs
Banks offer nationwide COVID-19 relief

Lenders have offered additional relief measures to customers impacted by lockdowns across Australia.

Banks offer nationwide COVID-19 relief
New digital mortgage lender officially launches

A digital mortgage lender, Nano, has officially launched, dropping its variable rates for all new and existing owner-occupiers and investors looking to refinance.

New digital mortgage lender officially launches
Genworth CBA contract up for renewal

Genworth will be making the case for Commonwealth Bank to extend its LMI contract, after the end of its mandate with NAB in November.

Genworth CBA contract up for renewal
WA FHB loans doubled through pandemic

More than 22,000 new housing loans to first home buyers in Western Australia were approved in the 10 months between July 2020 and April 2021 according to new research, nearly double for the ...

WA FHB loans doubled through pandemic
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