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Showing 311 - 320 of 1873 results for "lending"

APRA finalises new bank capital framework

CHLOE WALKER  |  TUESDAY, 30 NOV 2021
... to have the financial strength to withstand future adverse economic conditions, ensuring depositors are protected and lending is supported. Alongside the new framework, which was summarised in an information paper released yesterday, APRA has published ...

Guidance on financial risks of climate change released

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
... prescribe any particular way of doing things, he added. "Nor does it force companies into making any particular investment, lending or underwriting decision - those are matters for the entities themselves to decide, Byres said. "But we do want to make ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
... Court. From 2015 to June 2020, more than 50,000 loans were referred to ANZ through the introducer program, resulting in lending of more than $18.5 billion. In September 2018, the introducer program contributed to approximately 10% of all home loans sold ...

ACCC not opposed to NAB, Citi deal

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
... consumer groups. "Credit cards continue to be an important product for consumers, despite increasing use of other unsecured lending products such as Buy Now, Pay Later," ACCC chair Rod Sims said. "However, market feedback suggested that Citi is not unique ...

Pallas launches debt facility

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... backers. It competes with non-bank lenders and does not offer construction loans. The latter is offered by Pallas' lending business, which settles about $50 million per month in new construction loans. Pallas chief investment officer Dan Gallen said ...

Metrics Credit Partners acquires

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
Metrics Credit Partners has acquired a small and medium-sized enterprise business lending specialist. Metrics has acquired SME lender Bigstone Finance. Metrics managing partner Andrew Lockhart said the addition of the Bigstone team to the funding capability ...

NAB posts bumper profit

ANNABELLE DICKSON  |  TUESDAY, 9 NOV 2021
... gas policy, believing it has so many allowances and loopholes that it's unclear how it will materially impact the bank's lending for new fossil fuel developments. "NAB's policy is a cynical attempt to wordsmith its way out of the climate crisis," Market ...

Wealthwise acquires holistic advice firm

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... NGA-backed Wealthwise has acquired Complete Financial Solutions, which provides holistic financial advice, as well as lending and mortgage broking services. Complete FS was founded by Mark Giles in 1987 and was most recently part of ClearView Financial ...

Westpac profit jumps 138%

KARREN VERGARA  |  MONDAY, 1 NOV 2021
... Australian mortgage portfolio 3% or $14.7 billion over the year, a significantly better performance than 2020. Owner occupied lending increased 9%. Consistent with increased liquidity in the market, total customer deposits were up 4% or $24.9 billion," ...

Lending curbs to impact housing market

ELIZABETH MCARTHUR  |  THURSDAY, 30 SEP 2021
... to cool the Australian housing market in 2017 the stated aim was clearly to quell the risks of too much interest-only lending, especially to investors, which had become very prevalent at that time," Wargent said. "Those aims were achieved, and interest-only ...