Lakeba Group appoints wealth executive to board
Technology company Lakeba Group has appointed financial services specialist Roy McKelvie as a non-executive director, as the company prepare...
ASIC grants NCCP relief to 75% of applicants
The corporate regulator has released a report outlining its decisions on relief applications from firms operating under the Corporations Act...
Westpac backs down on serviceability changes
The major bank has reversed its decision to ease its mortgage serviceability policy, just hours after confirming it would go ahead with the changes.
Major bank pre-empts APRA’s home lending reforms
A big four bank has eased its serviceability requirements for low-risk home loan customers, in a move that would provide its credit officers...
NAB makes $2bn lending commitment to tech companies
The major bank has pledged $2 billion in funding over five years for emerging technology companies in Australia.
Fixed rate demand bounced back before RBA cut
The demand for fixed-rate loans jumped back up in May after declining in the lead up to the 2019 federal election, new data has shown.
Bank CFO resigns
Bank of Queensland's chief financial officer has resigned from his post to "pursue other leadership opportunities", effective October 2019.
ADIs report $14.3bn fall in mortgage volumes
A 16.4 per cent slump in new home loan volumes has been reported by APRA, contributing to a 12.6 per cent fall in profits.
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