big four

Lending growth slows for majors, report says

by Adrian Suljanovic • 9 May 2023

A report has shown that loan momentum among the major banks slowed in the six months to March.

Banks pass on 25-bp rate rise

by Adrian Suljanovic • 8 Dec 2022

Lenders have followed suit and passed on the rate hike to customers on variable-interest home loans on the back of the... READ MORE

Call for brokers to assess lenders in survey

by Malavika Santhebennur • 17 Feb 2022

The Adviser has launched its annual survey for brokers to assess the performance of Australia’s mortgage lenders,... READ MORE

Lender turnarounds lengthening again

by Annie Kane • 19 Jan 2022

Brokers have reported that lenders are at their slowest time to reach an initial credit decision in seven... READ MORE

NAB, Westpac roll out flood relief packages

by Sarah Simpkins • 12 Jan 2022

The big four banks have declared a number of measures for customers affected by floods in Queensland, including relief... READ MORE

4/10 businesses suffering under labour shortage: NAB

by • 7 Jan 2022

The major bank’s chief executive has called for open borders to prevent Australia’s economic recovery from... READ MORE

ANZ names new FIG head

by • 31 Dec 2021

The major bank has revealed that Mark Harding will be the next global lead for its financial institutions... READ MORE

Economy ‘coming back strongly’: NAB chief economist

by Annie Kane • 30 Dec 2021

2022 is on track to see the economy ‘gather lost ground’, according to the banking group’s chief... READ MORE

CBA becomes premium sponsor partner of CAFBA

by Annie Kane • 29 Dec 2021

The major bank has signed an exclusive two-year sponsorship partner agreement with the asset and finance broker... READ MORE

Westpac completes sale of vehicle loan book

by Annie Kane • 21 Dec 2021

The big four bank has completed the sale of its $1-billion wholesale dealer loan book to Angle Auto Finance, with... READ MORE

Non-major banks continue to be broker darlings

by Annie Kane • 20 Dec 2021

Ninety-one per cent of brokers sent loans to non-major banks in November, as the major banks continue to fall in... READ MORE

Equipment finance loans up 341% over 2 years: NAB

by Malavika Santhebennur • 16 Dec 2021

NAB small business customers have been rushing to secure equipment finance loans as farmers around Australia have been... READ MORE

Prepare for investor ramp-up, NAB tells brokers

by Sarah Simpkins • 9 Dec 2021

The big four bank has launched a new guide on property investors for brokers, tipping the fastest growing customer... READ MORE

Fewer Australians intending to purchase property: CBA Research

by • 8 Dec 2021

Despite the country’s overall intention to spend increasing last month, new data suggests home-buying plans dropped... READ MORE

NAB to offer flood victims $1k

by • 6 Dec 2021

The major bank has confirmed it will provide financial assistance grants to those impacted by the Inglewood... READ MORE

ASIC demands review into ANZ home loan referrals

by Sarah Simpkins • 29 Nov 2021

Under a new lawsuit against ANZ, ASIC has sought a probe into the major bank’s current home loan customer referral... READ MORE

Lenders need to improve ease of use, brokers say

by Annie Kane • 26 Nov 2021

While large ADIs showed improving turnarounds in October, ease of use emerged as a notable bottleneck throughout most... READ MORE

Large banks maintain fast turnarounds despite higher broker flows

by Annie Kane • 25 Nov 2021

Brokers are seeing turnarounds at the most commonly used banks continue to improve, despite third-party usage rates... READ MORE

Agri lending growth buoyed by high confidence: CBA

by Annie Kane • 23 Nov 2021

Agri machinery financing rose 25 per cent in the first four months of the financial year 2022, reflecting strong... READ MORE

Industry ‘disappointed’ with ANZ asset finance change

by Annie Kane • 16 Nov 2021

Asset finance groups have voiced disappointment at the major bank’s decision to only accept asset finance loans from... READ MORE

Major bank to cease ‘one-off’ asset finance deals

by Annie Kane • 15 Nov 2021

From 1 December, the big four bank will only accept asset finance deals from existing customers and those with a bank... READ MORE

1 in 3 SMEs require $46k

by • 12 Nov 2021

Roughly 37 per cent of small and medium-sized enterprises are requiring an average of $46,000 to ride Australia’s... READ MORE

Home-buying spending intentions fall: CBA

by Annie Kane • 10 Nov 2021

While home-buying sentiment remains high, home-buying spending intentions are falling, according to a new report from... READ MORE

Victorians spend $2bn as state reopens

by • 10 Nov 2021

More than $2 billion was spent by Victorians on retail, hospitality and accommodation in the first week... READ MORE

CBA raises fixed rates - 2021

by • 8 Nov 2021

Select fixed rate home loans with the major bank have increased, less than 24 hours after Westpac announced similar... READ MORE

Westpac admits to lagging broker turnarounds

by Sarah Simpkins • 2 Nov 2021

The big four bank has ramped up automation, in a bid to rectify broker loan assessment times that dragged behind its... READ MORE

More FHBs transitioning towards outer suburbs: NAB

by • 2 Nov 2021

New figures released by the major bank suggest that the outer suburbs are gradually, but increasingly, becoming... READ MORE

Incoming NAB board member withdraws application

by • 1 Nov 2021

The major bank has announced that a formerly announced board member will no longer join its board.

Major bank pleads guilty for mis-selling credit insurance

by Malavika Santhebennur • 29 Oct 2021

A major bank has pleaded guilty to several criminal charges of making false or misleading representations to 165... READ MORE

‘We take too long’: ANZ manual systems drag turnarounds

by Sarah Simpkins • 29 Oct 2021

ANZ boss Shayne Elliott has conceded the bank has struggled to process a mass of home loan applications, as it works to... READ MORE