Teachers Mutual pushes through $10bn ceiling
The mutual bank has confirmed that it has reached a milestone figure of $10 billion in assets.
The mutual bank has confirmed that it has reached a milestone figure of $10 billion in assets.
The financial complaints body has recruited a new leader for its compliance and monitoring team.
A new class action lawsuit against the big four bank has cried foul over interest-free credit card contracts.
A new class action lawsuit against the big four bank has cried foul over interest-free credit card contracts.
Higher risk lending could become less profitable for the banks, with new standards to require more capital set aside for interest-only and investor loans.
The value of total residents loans and finance leases rose to just under $3 trillion in October, with housing loans up at $1.9 trillion, new APRA stats show.
The market research firm has estimated a historic low level of 15.8 per cent of borrowers were at risk of mortgage stress during the September quarter.
The major bank’s chief has apologised to customers, admitting far-reaching systemic issues led to each of the six matters presented in new civil lawsuits.
Several lenders, including major banks, have offered loan repayment relief and fee waivers for NSW and Queensland residents impacted by floo...
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