The bank and regulator have reached a confidential agreement which will see the upcoming trial stood down for 48 hours
The bank has acknowledged increased profits as a result of APRA’s interest only speed limits but has said these will be temporary
While APRA has been the main factor for recent IO rate rises, the bank has said competition affected the size of these hikes
The non-bank lender has made an unsolicited bid for a Western Australian ADI with a decision to be made before the year’s end
A number of lenders are said to have made bids to acquire around $2bn in loans being sold by Investec.
A major bank recorded a cash profit of $1.73bn in the final quarter of 2013, spurred on by solid lending book growth.
The move to e-conveyancing is on the horizon, and one expert says it will give brokers peace of mind and make the application process smoother.
A commercial construction and property development company has paid a penalty of $33,000 for failing to comply with continuous disclosure obligations.
Westpac has announced the long-time deputy chairman John Curtis will step down from the bank’s board in April.
The newest entrant into the Australian commercial lending market has vowed to ramp up competition in the sector and give brokers better alternatives.