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Big 4 bank cuts rates by up to 90 bps
by Hannah Dowling • 25 Sep 2019
The Commonwealth Bank of Australia (CBA) has updated its New Wealth Package fixed rates for owner-occupied and... READ MORE
Virgin Money revises verification requirements
by Reporter • 25 Sep 2019
Virgin Money Home Loans has informed brokers that it has made a number of changes to its credit policy.
The BOQ... READ MORE
SMEs funding growth through non-bank lenders
by Hannah Dowling • 25 Sep 2019
According to Scottish Pacific, its upcoming SME Growth Index for September 2019, which saw banking analysts East... READ MORE
Climate change raising risk for mortgagors
by Hannah Dowling • 24 Sep 2019
A report by Moody’s Investor Services has found a 50 per cent increase in the frequency of natural disasters from... READ MORE
ANZ finalises SME business sale in PNG
by Hannah Dowling • 24 Sep 2019
ANZ has announced that it has finalised the sale of its retail, commercial and small-medium sized enterprise (SME)... READ MORE
Major bank drops serviceability floor rate
by Annie Kane • 23 Sep 2019
As of next Monday (30 September), Westpac will introduce new home loan serviceability assessment rates.
Following on... READ MORE
NAB reveals commencement date of new CEO
by Charbel Kadib • 23 Sep 2019
NAB has revealed that newly appointed group managing director and CEO Ross McEwan will commence his new role on... READ MORE
Big banks provide 100% CCR data
by Hannah Dowling • 23 Sep 2019
ANZ has announced that the major lenders have now provided the remaining Comprehensive Credit Reporting (CCR) data... READ MORE
Asset finance lender acquired for $260m
by Annie Kane • 20 Sep 2019
Promontoria Holding 304 BV, an affiliate of Cerberus Capital Management LP, has bought equipment finance lender... READ MORE
Identity theft ring responsible for multimillion-dollar fraud
by Hannah Dowling • 18 Sep 2019
The Australian Federal Police (AFP) and Australian Securities and Investments Commission (ASIC) have spent more than... READ MORE
Banks ‘ready and open’ to lend to SMEs
by Reporter • 18 Sep 2019
The Australian Banking Association (ABA) has urged South Australian businesses “not to hold back” in seeking... READ MORE
Non-majors update expense validation process
by reporter • 17 Sep 2019
As changes to expense validation and verification continue to filter through the lending market, two non-major banks... READ MORE
Mutual bank updates serviceability calculator
by reporter • 17 Sep 2019
From today (17 September), Teachers Mutual Bank (TMB) will update its loan origination servicing calculator available... READ MORE
NAB announces support team for vulnerable customers
by Hannah Dowling • 17 Sep 2019
National Australia Bank (NAB) has announced the launch of a new “specialist team of bankers” dedicated to... READ MORE
SME lender buys Eclipx Commercial
by Hannah Dowling • 16 Sep 2019
Grow Asset Finance, part of the Grow Business Funding Group, has purchased fleet finance company Eclipx’s non-core... READ MORE
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