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mergers and acquisitions
Broker channel ‘important part’ of Heritage-PCCU future
by Fabian Cotter • 18 Nov 2022
Aggregators and brokers are still key to the Heritage Bank-People’s Choice Credit Union merger, the mutuals have...
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ScotPac acquires Business Fuel
by Annie Kane • 7 Mar 2022
Non-bank lender ScotPac has acquired one of its competitors to enable it to offer online business lending for the first...
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Equity-One to be bought by Westlawn
by Annie Kane • 22 Feb 2022
Brokerage Westlawn Finance Limited is set to acquire Melbourne-based mortgage lender and funds management business,...
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AFG completes aggregator acquisition
by Annie Kane • 23 Dec 2021
The major aggregator has completed its acquisition of a 75 per cent stake in Fintelligence.
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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...
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Heritage leaders address merger proposal concerns
by Annie Kane • 28 Oct 2021
The chairman and chief executive of Heritage Bank have addressed concerns about the bank’s proposed merger with...
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Prospa acquires brokerage
by Annie Kane • 21 Sep 2021
The SME lender has acquired a commercial finance brokerage and welcomed its director to the team as northern regional...
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New non-bank lending group formed following merger
by Annie Kane • 2 Sep 2021
Several industry veterans, including former Pepper chief executive Patrick Tuttle, are to head up a newly created...
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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...
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Brokers ‘integral’ to merged Heritage-People’s Choice entity
by Annie Kane • 19 Aug 2021
The broker channel will play a key role in distributing loans for the newly proposed Heritage Bank-People’s Choice...
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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...
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AFG-Connective merger unlikely to complete
by Annie Kane • 23 Jul 2021
The aggregator has flagged that delays from the courts in delivering a judgement on its proposed merger with Connective...
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BOQ reshuffles board following ME Bank acquisition
by Annie Kane • 23 Jul 2021
Following the completion of its acquisition of ME Bank, BOQ Group has announced changes to its board.
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Volt acquires non-bank lender
by Annie Kane • 13 Jul 2021
Volt Bank has fully acquired non-bank fintech Australian Mortgage, as it moves to deliver a digital mortgage solution...
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BOQ completes ME Bank acquisition
by Annie Kane • 1 Jul 2021
ME Bank has officially become part of the BOQ Group following completion of the $1.32-billion deal.
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REA Group-Mortgage Choice acquisition gets approved
by Malavika Santhebennur • 27 May 2021
The property services group said it has received approval from the Foreign Investment Review Board for its proposed...
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