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Lender
Virgin Money revises verification requirements
by Reporter • 25 Sep 2019
The lender has announced a number of changes to its home lending policy, which include a softening of its expense...
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SMEs funding growth through non-bank lenders
by Hannah Dowling • 25 Sep 2019
The proportion of Australian SMEs that plan to fund their business growth via their main bank has halved in the past...
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Climate change raising risk for mortgagors
by Hannah Dowling • 24 Sep 2019
The increased frequency of natural disasters is raising risks for home loans and house prices in Australia, and is...
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ANZ finalises SME business sale in PNG
by Hannah Dowling • 24 Sep 2019
The major bank has finalised the sale of its retail, commercial and SME banking business in Papua New Guinea to Kina...
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Major bank drops serviceability floor rate
by Annie Kane • 23 Sep 2019
Westpac is dropping its floor rate for home loans next week, which will impact the serviceability assessment rates used...
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NAB reveals commencement date of new CEO
by Charbel Kadib • 23 Sep 2019
The major bank has announced the start date for its incoming CEO Ross McEwan.
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Big banks provide 100% CCR data
by Hannah Dowling • 23 Sep 2019
The big four banks have provided 100 per cent of the required eligible account information ahead of the deadline,...
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Asset finance lender acquired for $260m
by Annie Kane • 20 Sep 2019
Equipment finance lender Axsesstoday, which had been placed into administration, has been bought by an affiliate of...
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Identity theft ring responsible for multimillion-dollar fraud
by Hannah Dowling • 18 Sep 2019
ASIC and the AFP have begun court proceedings against suspected members of an online fraud syndicate that allegedly...
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Banks ‘ready and open’ to lend to SMEs
by Reporter • 18 Sep 2019
ABA CEO Anna Bligh has urged small-business owners to seek credit, amid new research reporting loan approval rates of...
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