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In case you missed it (week ending 22 July)

by Kate Aubrey4 minute read

ANZ moves in on Suncorp Bank’s home loan market share, the government is urged to keep banking competition alive, brokers more satisfied with larger banks, fixed-rate loan volumes plummet and broker complaints trend downward.

ANZ grabs Suncorp’s home loan market share 

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ANZ has confirmed it is set to purchase Suncorp Bank for $4.9 billion, a move that will boost its retail and commercial book and build its presence in Queensland’s hot market.

Government urged to keep competition alive in banking

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Following on from the news that ANZ is set to acquire Suncorp Bank, the Finance Brokers Association of Australia has urged government to do “all we can” to keep competition alive.

Satisfaction with large ADIs at record high: Broker Pulse

The proportion of brokers satisfied with their experience at the larger banks climbed to a record high in June, according to new data.

Fixed-rate volume lowest in a decade: AFG

Borrowers have ditched locking in fixed rates, as fixed rate loans tip 5 per cent in some cases.

Financial difficulty, broker complaints trend downwards over FY22: AFCA

The number of complaints related to financial difficulty have declined over the last financial year, according to new preliminary AFCA data.

In case you missed it (week ending 22 July)
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Kate Aubrey

Kate Aubrey

AUTHOR

Kate Aubrey is the senior content producer of The Adviser and Mortgage Business. Previous to joining Momentum Media, Kate covered regional and breaking news for ABC Radio.

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