big four

Lenders need to improve ease of use, brokers say

by reporter • 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 reporter • 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 reporter • 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 reporter • 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

More Australians relocating to regional Australia: RAI

by • 29 Oct 2021

Data published by Regional Australia Institute, in tandem with CBA, suggests more Australians are abandoning capital... READ MORE

Vocus founder to join NAB board

by • 21 Oct 2021

The major bank has confirmed that the founder of Australia’s fourth-largest telecommunications company will soon join... READ MORE

Turnarounds improve despite record loan volumes: AFG

by Malavika Santhebennur • 14 Oct 2021

The number of days from submission to formal approval dropped during the first three months of FY22 despite broker... READ MORE

2 in 5 SMEs to use savings to invest: Westpac

by Malavika Santhebennur • 12 Oct 2021

Many SMEs said the COVID-19 crisis has allowed them to grow their savings, which they will channel into business... READ MORE

CBA begins rollout of SME lending product

by • 12 Oct 2021

The major bank has begun the national release of its digital invoice finance solution allowing small businesses access... READ MORE

NAB to merge NAB-Advantedge sales teams

by Annie Kane • 1 Oct 2021

The major bank has combined the NAB Broker and Advantedge sales teams into one business, Broker... READ MORE

Digital lenders challenging the banks: Prospa

by Sarah Simpkins • 30 Sep 2021

Fintechs have been taking components of the banking system and repackaging them into stronger offerings than previously... READ MORE

CBA streamlines serviceability for self-employed borrowers

by Annie Kane • 27 Sep 2021

The major bank has “simplified” its serviceability and assessment process for some self-employed borrowers,... READ MORE

ANZ customers sent $77m to scammers, reveals CEO

by • 27 Sep 2021

The chief executive of the major bank has informed MPs that increasing cyber attacks, and challenges in reporting... READ MORE

Major bank CEOs flag SME ‘pressure’

by Annie Kane • 24 Sep 2021

The heads of CBA and ANZ have acknowledged to MPs the growing pressures facing SMEs, but noted that only a small... READ MORE

Prioritise lending standards over turnarounds: ANZ CEO

by Sarah Simpkins • 20 Sep 2021

The big four boss has declared that banks should now be conducting more strenuous checks on loan applications, even if... READ MORE

ING drops variable rates by up to 60 bps

by • 20 Sep 2021

The non-major bank has dropped the variable rates for its home loans by up to 0.60 per cent.

Major bank apologises for ‘unacceptable’ CCI conduct

by Annie Kane • 16 Sep 2021

A big four bank has apologised to customers affected by “unacceptable” conduct in former CCI sales, which are now... READ MORE

Mortgage deferrals rise 86% in a month: ABA

by • 16 Sep 2021

Home loan and business deferrals have escalated due to the latest COVID-19 outbreak, according to the Australian... READ MORE

Major bank expands SME offering

by Annie Kane • 15 Sep 2021

SMEs can borrow up to $2 million over 30 years as part of a new offering from a big four bank.

ASIC demands review into ANZ home loan referrals