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One of Australia’s biggest mortgage aggregators, Australian Finance Group, says its brokers lodged 61.8 per cent of their loan applications with major banks during the March quarter – an increase of 2.. read more

Bank of Queensland will undertake a three-year risk program to strengthen its non-financial resilience. read more

Macroprudential instruments that bank regulators might deploy to deal with climate-related risks to the financial system include capping “dirty exposures”, limiting debt service-to-income ratios for c.. read more

The premiums lenders charge home loan borrowers for popular offset accounts negate their benefits, according to new research. read more

The offerings of digital wallet providers in Australia remain “narrow and generic”, according to payments industry leaders. read more

Non-banks have shifted the focus of their activities to business lending this year, as their funding arrangements have made it hard for them to hold market share in the mortgage market. read more

Latitude Financial reported yesterday that it has received a ransom demand from the hackers behind the cyber-attack on the company, and insisted that it will not pay. read more

Around 15 per cent of Australian households with mortgages will move into a negative cash flow position this year, according to the Reserve Bank’s baseline economic scenario. read more

When Credit Union Australia changed its name to Great Southern Bank in 2021, the biggest influence on its decision was research showing nearly half of Australians had no idea what a credit union was. read more

The value of external refinancing of housing loans will soon overtake the value of new lending, if current trends continue. read more