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ANZ tightens IO lending

by Reporter • 26 Feb 2018
As of 5 March 2018, ANZ will regard interest-only (IO) loan renewals as “credit critical events” which require... READ MORE

Australian SME lender named APAC’s top high-growth company

by Reporter • 23 Feb 2018
The inaugural FT 1000 High-Growth Companies Asia-Pacific list, compiled by Statista, considered companies based in 11... READ MORE

Former NAB GM joins MSA National

by Reporter • 22 Feb 2018
Effective immediately, Mr Berry will be responsible for operations and strategy of the legal firm that specialises in... READ MORE

La Trobe Financial adopts Virtual VOI

by Reporter • 21 Feb 2018
Developed by South African regulation technology company e4, the Virtual VOI platform aims to reduce the cost and... READ MORE

Royal commission ‘opens the banks up to class actions’: UBS

by Reporter • 20 Feb 2018
In an Australian Banking Sector Update, UBS researchers Jonathan Mott and Rachel Bentvelzen welcomed the news that... READ MORE

NAB, Advantedge tighten mortgage lending criteria

by Staff Reporter • 19 Feb 2018
Last year, NAB introduced an LTI ratio calculation of 8 for all home loan applications. As of 16 February, this has... READ MORE

Macquarie and ING announce rate changes

by Reporter • 16 Feb 2018
For owner-occupier, principal and interest loans, Macquarie Bank has introduced the following changes, with rates... READ MORE

Non-bank lender says NPP will be ‘transformative’ for SMEs

by Staff reporter • 16 Feb 2018
The NPP, a joint initiative between 13 financial institutions including the big four banks and the RBA, has been... READ MORE

Suncorp’s profits fall as loan book thickens

by Reporter • 15 Feb 2018
The lender has recorded a net profit after tax of $452 million in its half-year report for the 2018 financial year... READ MORE

Royal commission points to big bank dominance

by Tim Stewart and Tas Bindi • 13 Feb 2018
On 9 February, commissioner Kenneth Hayne QC published a background paper titled Some Features of the Australian... READ MORE

Warning issued over shadow shopper scam

by Reporter • 13 Feb 2018
The financial services regulator has issued a statement warning that scammers are deceiving customers by cold... READ MORE

La Trobe Financial FUM surpasses $5bn milestone

by Reporter • 13 Feb 2018
“[The] company’s disciplined investment processes and focus on absolute return objectives has been the key... READ MORE

Banks to waive NDAs in royal commission

by Annie Kane and Killian Plastow • 9 Feb 2018
In a recent statement, both National Australia Bank and Commonwealth Bank said that they would not enforce NDAs... READ MORE

Adelaide Bank clarifies serviceability calculator changes

by Staff reporter • 9 Feb 2018
Last week, the Australian Financial Review ran a story in which it suggested that in “new arrangements being... READ MORE

SME lender appoints industry veteran to ‘spearhead’ expansion

by Reporter • 7 Feb 2018
Australian Invoice Finance (AIF) has appointed the former general manager of Scottish Pacific’s South Australia... READ MORE
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