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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.