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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.

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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.

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AUSTRAC flags broker fraud among banking risks
by Sarah Simpkins • 7 Sep 2021
The regulator has warned the banks they have high exposure to criminal activity, while reporting cases of... READ MORE

CBA launches green upgrade for commercial mortgages
by • 3 Sep 2021
The major bank has introduced a commercial property loan upgrade for businesses looking to reduce operating and... READ MORE

Westpac completes LMI business sale
by • 1 Sep 2021
The big four bank has finalised its deal with a global specialist insurer for its lender’s mortgage insurance... READ MORE

CBA appoints non-executive director
by Annie Kane • 31 Aug 2021
The major bank will welcome a new independent non-executive director on 1... READ MORE
Vaccination targets ‘critical’ for economic recovery: NAB CEO

Vaccination targets ‘critical’ for economic recovery: NAB CEO
by Annie Kane • 30 Aug 2021
National cabinet’s vaccination targets are “critical” to getting the economy back on track, the major bank... READ MORE
Westpac completes onshoring of 1,000 jobs

Westpac completes onshoring of 1,000 jobs
by Annie Kane • 27 Aug 2021
The major bank has “brought back” 1,075 jobs to Australia to “improve service to customers”, including in... READ MORE
Property valuations up by 23%: CoreLogic

Property valuations up by 23%: CoreLogic
by Malavika Santhebennur • 26 Aug 2021
CoreLogic has reportedly seen a jump in valuations ordered in the last year to June, partly driven by the digitisation... READ MORE

Asset finance loans up 20% YOY: CBA
by Malavika Santhebennur • 24 Aug 2021
The major bank has reported that new business lending in asset finance grew in the financial year 2021 by the largest... READ MORE
NAB explains key to speedy turnarounds

NAB explains key to speedy turnarounds
by Malavika Santhebennur • 20 Aug 2021
The major bank said that an experienced operations team, consistency and digital enhancements have contributed to it... READ MORE
Industrial sector weathers COVID storm: NAB

Industrial sector weathers COVID storm: NAB
by Malavika Santhebennur • 19 Aug 2021
Sentiment in the industrial sector rose to a new high, while overall commercial property sentiment grew but remained... READ MORE

Court orders CBA to publish misconduct notices
by Annie Kane • 17 Aug 2021
The big four bank has been ordered to publish notices acknowledging “false or misleading conduct when it... READ MORE
NAB tweaks small-business lending offering

NAB tweaks small-business lending offering
by Malavika Santhebennur • 12 Aug 2021
The major bank has updated some of its small-business lending features, including allowing business owners to digitally... READ MORE
Westpac cuts business fixed rate

Westpac cuts business fixed rate
by Annie Kane • 12 Aug 2021
The major bank has reduced rates on its two- and three-year fixed rate business loans to help SMEs “get back on their... READ MORE
CBA chasing brokers as flows slow

CBA chasing brokers as flows slow
by Annie Kane and Sarah Simpkins • 11 Aug 2021
The big four bank has boosted its investment in the broker channel, as the proportion of mortgages written by brokers... READ MORE

NAB to buy Citi for $1.2bn
by Annie Kane • 9 Aug 2021
The major bank has entered into an agreement to buy Citigroup’s Australian consumer business for approximately $1.2... READ MORE
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