big four

NAB launches Islamic SME financing

by Annie Kane • 5 Aug 2021

The major bank has launched a specialised financing product for Islamic business customers. READ MORE

Westpac wraps up asset finance business sale

by Malavika Santhebennur • 5 Aug 2021

The major bank has completed the sale of its asset finance subsidiary, which managed around $500 million in customer... READ MORE

Brokers promote competition in lending: Lendi

by Malavika Santhebennur • 30 Jul 2021

Brokers are driving competition in the mortgages sector and changing the composition of Australia’s loan books... READ MORE

Banks accused of bias against BNPL in lending process

by Sarah Simpkins • 28 Jul 2021

An executive from buy now, pay later provider Zip has echoed reports from brokers around how banks treat home loan... READ MORE

Westpac fundies cop $3m penalty over fees for no service

by Sarah Simpkins • 27 Jul 2021

The Federal Court has imposed civil penalties totalling $3 million against two Westpac investment businesses, for... READ MORE

CBA revamps third-party strategy

by Annie Kane • 22 Jul 2021

The major bank has said it has improved turnarounds, hired more staff, and updated its tech stack as part of its... READ MORE

Finspo nabs Credo

by Sarah Simpkins • 21 Jul 2021

A digital mortgage broker run by former big four executives has acquired Melbourne brokerage... READ MORE

CBA reduces accreditation barrier, updates tiers

by Annie Kane • 20 Jul 2021

The big four bank is now allowing brokers with one year of experience to write loans with the bank, and has updated its... READ MORE

Westpac offers SME COVID cash flow support

by Malavika Santhebennur • 20 Jul 2021

The major bank has announced a new measure to support existing SMEs with cash flow if revenue has reduced due to... READ MORE

NAB targeting ‘consistency’ in turnarounds and decisioning

by Annie Kane • 15 Jul 2021

The major bank’s new executive for broker distribution says the bank is focused on making turnarounds and decisioning... READ MORE

Banks explain lagged turnarounds to Parliament

Banks explain lagging turnarounds to Parliament

by Sarah Simpkins • 8 Jul 2021

Big four and non-major banks have given their reasons for delayed turnarounds for the broker channel, which vary from... READ MORE

RBA delivers first rate decision for FY21-22

by Malavika Santhebennur • 6 Jul 2021

The RBA has announced its decision for the official cash rate for July, as well as changes to strategies around its... READ MORE

Majority of brokers believe rate is top attraction

by Malavika Santhebennur • 6 Jul 2021

Most brokers said that clients seek their advice about optimal home loan interest rates, which could mount pressure on... READ MORE

Sedgwick review into retail bank commissions released

by Malavika Santhebennur • 5 Jul 2021

A review of retail banking product commissions and payments has found that links between remuneration and sales are now... READ MORE

Home buying intentions at all-time high: NAB

by Malavika Santhebennur • 2 Jul 2021

The major bank said more Australians have said that they intend to buy a new home in 2021, while it has seen record FHB... READ MORE

4 in 10 home owners planning to sell

by Sarah Simpkins • 29 Jun 2021

New research has shown a rise in Australians intending to sell their houses, with a growing number looking to... READ MORE

CBA launches SME invoice cash flow product

CBA launches SME invoice finance product

by Malavika Santhebennur • 25 Jun 2021

The major bank is rolling out a digital invoice finance solution to enable small businesses to use their outstanding... READ MORE

ANZ names internal audit manager

by Sarah Simpkins • 7 Jun 2021

ANZ has appointed a new general manager to oversee its internal auditing. READ MORE

Exclusive: Major banks reveal how they’re fixing turnarounds

by Annie Kane • 3 Jun 2021

Following on from concessions that broker-lodged loans take a lot longer to approve than those in the proprietary... READ MORE

Turnaround issue compounded by metric confusion: Connective CEO

by Annie Kane • 1 Jun 2021

While welcoming that more lenders are proactively publishing their turnaround time data, Connective CEO Glenn Lees has... READ MORE

Turnaround times ‘critical’ to CBA’s strategy, Comyn says

by Sarah Simpkins • 28 May 2021

The CBA chief has said shaving turnaround times are a key component to the bank’s game plan looking forward, as it... READ MORE

NSW mortgage registrations at record March high

by Malavika Santhebennur • 11 May 2021

Newly originated mortgages and refinance volumes in NSW reached a two-year high in March, while it marked the strongest... READ MORE

NAB sees applications rise 45%

by Annie Kane • 7 May 2021

The major bank saw a 45 per cent increase in mortgage applications in the first half of the year, with strong activity... READ MORE

Automating broker loan assessments ‘on the priority list’: ANZ

by Annie Kane • 5 May 2021

The CEO of the major bank has confirmed that broker turnarounds are still taking too long, but added that the bank is... READ MORE

Major bank makes appointment to newly created role

by Malavika Santhebennur • 3 May 2021

The major bank has made an appointment to the newly created head of specialised and private role, a part of the... READ MORE

Major bank rolls out ‘no-interest’ credit card for SMEs

by Annie Kane • 3 May 2021

The major bank has launched a new, “no-interest” credit card for small-business customers that enables them to... READ MORE

Loan deferrals dwindle as scheme expires

by Malavika Santhebennur • 29 Apr 2021

Less than 1 per cent of loans that were deferred during the pandemic remained deferred at the end of March, with... READ MORE

APRA approves NAB-86 400 deal

by Annie Kane • 29 Apr 2021

The prudential regulator has granted approval for the major bank to fully acquire neobank 86 400. READ MORE

Westpac issues ‘our own doing’: chairman

by Malavika Santhebennur • 15 Dec 2020

The Westpac chairman has acknowledged the shortcomings in its risk management and compliance, and said many issues were... READ MORE