ANZ and CEFC commit to another round of discounted clean energy finance 09 August 2022 5:31AM ANZ and the Clean Energy Finance Corporation have extended of a funding program that provides discounted clean energy finance to ANZ’s business customers. read more
QuickFee CEO makes a rapid exit 08 August 2022 6:07AM After announcing the resignation of chief executive Eric Lookhoff early last week, specialist lender QuickFee followed up with news on Friday that Lookhoff, who was to serve a four-month notice period.. read more
Teachers struggles to bed down new app 05 August 2022 5:32AM Teachers Mutual Bank’s new mobile banking app has been plagued with problems that have not been resolved five weeks after the launch. read more
Ex-banker takes over at Export Finance Australia 05 August 2022 5:31AM Former banker John Hopkins has been appointed chief executive of Export Finance Australia, the government’s export credit agency. read more
Genworth reports on ‘a very unusual period’ 04 August 2022 6:15AM Unusually low claims offset a significant fall in Genworth Mortgage Insurance Australia’s new business volume in the six months to June, in what the company said was “a very unusual period”. read more
Purchased debt ledger market ‘run-off’ to continue 03 August 2022 5:50AM The Australian purchased debt ledger market is in “run-off” thanks to the ongoing impact of COVID stimulus measures, substantial loan prepayment, subdued personal lending and the continuation of some.. read more
Pioneer issues downgrade 03 August 2022 5:36AM Debt buyer Pioneer Credit has issued an earnings downgrade, saying “liquidations” (collections) of A$106.7 million in the year to June were below what it has previously forecast, and it will report a.. read more
ASIC switches to DDO compliance mode 01 August 2022 6:07AM ASIC has used its stop order powers under the Design and Distribution Obligation for the first time, ordering three firms to stop issuing their investment products. read more
Comment: King dodges CORE accountability 29 July 2022 5:55AM Westpac chief executive Peter King has provided a wholly inadequate response to Promontory Australia’s decision to change the status of the bank’s CORE program from “green” to “amber” following its re.. read more
Real estate industry money laundering risks ‘high’ 29 July 2022 5:53AM Real estate transactions pose high money laundering and terrorism financing risks, according to a new appraisal by the global AML/CTF watchdog, but Australian anti-money laundering law still has a hug.. read more