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Lender
Lender raises $140m to secure march into SME space
by Reporter • 2 Aug 2018
An emerging small business lender has announced that it has finalised its first round of equity raising at $140...
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‘Political scrutiny’ delaying big bank rate hike
by Reporter • 1 Aug 2018
Australia’s major banks have traditionally been the first to respond to higher funding costs by hiking interest rate;...
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Westpac to fast-track remuneration reform ahead of RC report
by Tas Bindi • 30 Jul 2018
The major bank has pledged to fast-track the process of implementing recommendations from the Sedgwick review published...
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Bank withdraws 2 BDMs due to ‘soft market conditions’
by Reporter • 27 Jul 2018
A non-major lender has announced that it will be withdrawing business development managers from two states, citing...
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Former Westpac banker permanently banned for mortgage fraud
by Reporter • 26 Jul 2018
ASIC has permanently banned a former Westpac banker from engaging in credit activities, after finding that he had...
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Industry falling behind on measuring customer sentiment
by Reporter • 26 Jul 2018
Just a fifth of Australian financial services businesses are measuring customer sentiment on social media, according...
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More lenders succumb to funding pressures
by Reporter • 24 Jul 2018
Two lenders have joined the list of non-majors to announce out-of-cycle rate hikes on their home loan products,...
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Building activity set to be a ‘drag’ on the economy
by Tas Bindi • 23 Jul 2018
Building commencements will experience the steepest fall since the 2008 global financial crisis from next year,...
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Non-bank aims to fill void in low doc space
by Reporter • 23 Jul 2018
A non-bank lender has reinforced its commitment to low doc lending amid withdrawals from the space by some traditional...
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SME lender obtains $75m to refinance book and boost business
by Reporter • 20 Jul 2018
OnDeck has closed a $75 million asset-backed revolving credit facility from Credit Suisse in a move to refinance its...
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