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900,000 new customers and nine per cent loan growth - ING Bank leveraged this into double digit profit growth last year.It also welcomed John Laker, the former APRA chief, as its chair. read more

Commercial lender Metrics Credit Partners has launched a new credit fund, which will hold a portfolio of sub-investment grade debt and target a return of 8 to 10 per cent. Metrics has released a produ.. read more

New mortgage lending saw another heavy fall in January. read more

Australian banks have made "substantial progress" in overhauling their retail remuneration arrangements and are on target to meet commitments given when the process began two years ago. read more

The Finance Sector Union has welcomed Westpac's decision to remove incentives from teller pay and move to pay-only remuneration as a step in the right direction, but says the bank has more to do. read more

Australian credit fund managers, whose businesses have been built supporting private equity deals with debt funding, are plotting a move into the corporate lending market.The target: "Businesses are s.. read more

ME Bank has thrown its weight behind a new reverse mortgage lender, providing A$100 million of funding and taking an equity position in Household Capital. read more

AMP Bank has lifted rates 15 basis points on key loans.It is in part a reaction to S&P's downgrade of AMP Bank's long-term issuer credit rating from A to A-. S&P cut the short-term rating to A.. read more

Only 33.4 per cent of mortgage borrowers sourced their loan through a broker, half the level claimed by the industry. read more

German banking software company Mambu has opened an office in Sydney, where it hopes to ride the waves of change triggered by the royal commission and the ongoing shift to digital banking. read more