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CBA heads to court over money laundering allegations
Australia’s financial intelligence and regulatory agency initiated, on 3 August, civil penalty proceedings in the Federal Court against the Commonwealth Bank of Australia ...
LENDER • Thu, 03 Aug 2017
Choice adds Virgin Money to lender panel
Virgin Money has announced that it will be teaming up with major aggregator Choice Aggregation Services just a year after the launch of its Reward Me Home Loan.
LENDER • Wed, 02 Aug 2017
Major bank implements Sedgwick remuneration reforms
A big four bank has announced significant changes to its incentives program, following recommendations outlined in the ABA-funded Sedgwick report into bank and broker ...
LENDER • Tue, 01 Aug 2017
ANZ responds to media reports on broker appetite
The major bank has issued a statement in response to recent claims made by AFR columnist Christopher Joye that the group is looking to reduce its reliance on mortgage ...
BROKER • Tue, 01 Aug 2017
Opinion: Will this major bank cut out brokers?
New information has come to light about the future mortgage distribution strategy, including plans to reduce the third-party footprint, of a big four bank.
BROKER • Mon, 31 Jul 2017
Brokerage on acquisition path following strong quarter
An ASX-listed diversified brokerage is on the hunt for acquisition opportunities after posting strong growth over the final quarter of the 2017 financial year.
BROKER • Mon, 31 Jul 2017
‘Considerable activity’ in commercial mortgage space: Equifax
Strong demand for asset finance and a significant increase in commercial mortgage applications have driven growth in total business credit over the June quarter, new ...
GROWTH • Fri, 28 Jul 2017
Rate spread to widen amid IO crackdown, says broker
A leading Sydney-based mortgage broker has explained how regulatory pressures to reduce interest-only lending are having an adverse impact on the cash flow position of ...
BROKER • Fri, 28 Jul 2017
Broker looks abroad to secure commercial finance
A Sydney-based broker has started securing funding from Asia after seeing the big four banks turn down “perfectly good” deals.
BROKER • Fri, 28 Jul 2017