July 2024
‘Wholly inadequate’: Non-bank lender pinged by new rules
Firstmac has become the first financial outfit pinged by new regulations designed to ensure suitable products are promoted to customers.
- Max Mason
May 2024
Firstmac hack deepens, credit card data stolen
The theft of credit card details has raised concerns about the Brisbane-based lender’s security and encryption standards.
- Liam Walsh
April 2024
Firstmac hackers claim tax file numbers
The Brisbane-based lender has warned customers that tax file numbers and dates of birth have been stolen.
- Liam Walsh
February 2024
Shareholder disquiet at BNK Bank
Top of the grievance list is a transaction between two BNK board members, and non-bank lender FirstMac.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November 2023
How property prices, low arrears have kept funding markets open
Firstmac says the number of its residential mortgage-backed securities with 30-day arrears are very low, despite the aggressive interest rate tightening cycle.
- Lucas Baird
August 2023
ING Australia, Pepper Money prep debt deals; banks mandated
Wednesday shaped up as a hectic day in the bond market, with a range of deals coming to market.
- Sarah Thompson, Kanika Sood and Emma Rapaport
January 2023
Cutthroat pricing: Westpac, ANZ tactics under fire
Big banks, or their subsidiaries, are offering $4000 for people to switch loans. One rival lender thinks it’s irrational.
- Liam Walsh
December 2022
Deposit trouble: ASIC sues Firstmac over cross-selling tactics
Customers were exposed to the risk of obtaining a financial product not appropriate for their needs, ASIC says in a first such case against a distributor.
- Liam Walsh
December 2021
APRA crackdown on lending could deepen housing divide: Firstmac
The non-bank lender says a debt-to-income limit could squeeze a slice of its loan book, and be tougher for banks.
- Liam Walsh
November 2020
Cheap funding fuels $17m dividend for Firstmac's Cannon
Owner of the $13 billion home-loan outfit says dividends will be invested in new ventures. And a "nice" car.
- Liam Walsh
September 2020
RBA's cheap money is killing competition
The $200 billion term funding facility designed to ensure the supply of cheap money is funnelling market share back to the big banks.
- James Frost