A 3.8 per cent increase in the non-major’s residential mortgage portfolio and an 8.3 per cent rise in deposits have not been enough to lift its underlying revenue.
The diversified banking business has reported strong settlement growth in its direct lending channel, while total banking and wholesale settlements showed marginal growth.
The Commonwealth Bank has delivered home-lending growth well above system, its financial results have revealed. However, CEO Matt Comyn does not expect the trend to continue.
The government has passed legislation that expands the provision of new Australian fintechs with exemptions from financial licensing require...
A new chair has been appointed to the association’s Banking Code Compliance Committee, replacing Christopher Doogan.
Consumer sentiment rose 2.3 per cent in February, as public concern over the Australian bushfire crisis and coronavirus outbreak eases.
Processing times have played a key role in determining the performance of the non-majors in the mortgage market, as revealed by their financial updates to the market.
The rebound in the home loan market has gathered momentum, with investor demand entering positive territory for the first time in two years, new ABS data has revealed.
The number of homes taken to auction across the nation almost doubled week-on-week, following on from a seasonal lull in auction activity so...
Westpac Group has announced a range of support measures for business customers financially affected by the coronavirus outbreak, including loan deferrals and extensions.