Briefs: ASB ups new build deposits, RBNZ breach scale revealed 17 February 2021 6:25AM Commonwealth Bank’s Kiwi subsidiary ASB is making further moves to clamp down on lending to property investors, now requiring deposits of at least 40 per cent on new builds. read more
Briefs: CBA Bandt cheap greenies, Xero hires NAB exec, Lahiff joins Harmoney 16 February 2021 5:45AM Commonwealth Bank has launched a green loan with a 0.99 per cent rate. And Adam Bandt won't even notice. read more
ANZ New Zealand waits on penalty verdict 15 February 2021 4:37AM ANZ New Zealand has admitted to breaching the Financial Markets Conduct Act by charging customers for credit card repayment insurance (CCRI) that offered them no cover or benefit. read more
Briefs: Hires at Brighten and Growth Finance, Teachers takes the pledge 12 February 2021 5:35AM Stuart Murray has left Resimac, where he was head of lending, to take up the role of head of credit at Brighten Home Loans. read more
FAR out – the Financial Accountability Regime is still missing in action 10 February 2021 6:07AM One of the major recommendations of the Hayne Royal Commission was for the Banking Executive Accountability Regime (BEAR) to be extended more widely across the financial services sector. Two years aft.. read more
Briefs: LVRs back in NZ, RBNZ data breach easily avoidable? 10 February 2021 5:57AM The Reserve Bank of NZ has confirmed the return of more stringent loan-to-value ratio (LVR) restrictions, saying it has financial stability concerns over “evidence of a speculative dynamic”. read more
Briefs: Handing over the batons at Credit Corp and ANZ 05 February 2021 6:07AM Credit Corp chair Don McLay has stepped down after 12 years in the role, handing the baton to Eric Dodd. read more
Briefs: No fast followers for ANZ NZ’s bold move, Pushpay bookbuild underway 16 December 2020 5:54AM Concerned at what it sees as an overheated property market, ANZ Bank NZ (the country's biggest home loan lender) has imposed new lending restrictions on property investors. read more
Briefs: New ACCC commissioners, smart ticketing launch in Queensland 14 December 2020 6:07AM Treasurer Josh Frydenberg has appointed two new commissioners to the Australian Competition and Consumer Commission. read more
NAB introduces in-app receipts, Law Finance hires new CEO, merchant service fees move 11 December 2020 5:26AM Claiming a first for the local banking market, NAB has updated its mobile app so that participating retailers can send electronic receipts automatically to the app. read more