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non-major banks

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

Suncorp to withdraw 2 lending offerings
by • 6 Sep 2021
The non-major bank has confirmed that it has begun the process of grandfathering and withdrawing two of its business... READ MORE

Mutuals escaping ‘vicious cycle’ in merger mania: S&P
by Sarah Simpkins • 2 Sep 2021
The rise in consolidation among mutual lenders has reflected changing attitudes from management amid escalated margin... READ MORE
Alan Logan

MyState hires former ANZ exec to lead wealth division
by • 1 Sep 2021
Non-major banking group MyState Limited has appointed a new general manager for its wealth management... READ MORE
Broker, big 4 dynamics shift benefits smaller banks: Auswide

Broker, big 4 dynamics shift benefits smaller banks: Auswide
by Sarah Simpkins • 30 Aug 2021
The non-major bank has eyed a turn in the relationship between brokers and the major banks, stating smaller players... READ MORE
Aggregator settlements up 42%

Aggregator settlements up 42%
by Malavika Santhebennur • 30 Aug 2021
Finsure has reported growth in settlements and its loan book for FY21, while its broker numbers have exceeded... READ MORE

Government unveils draft reforms for unfair contract terms
by Sarah Simpkins • 24 Aug 2021
The government has released a draft bill aiming to combat unfair contract terms, with proposed changes including the... READ MORE
MyState channelling brokers to maintain growth

MyState channelling brokers to maintain growth
by Sarah Simpkins • 23 Aug 2021
The non-major bank has doubled down on its investments in the broker channel, in an effort to keep expanding its loan... READ MORE
Brokers ‘integral’ to merged Heritage-People’s Choice entity

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... READ MORE
Auswide Bank announces new WA BRM

Auswide Bank announces new WA BRM
by reporter • 18 Aug 2021
The Queensland-based bank has announced that WA brokers will soon have a new broker relationship manager,... READ MORE

Non-major bank sees resi book grow 15%
by Annie Kane • 17 Aug 2021
A non-major lender has revealed its residential mortgage book grew 15 per cent in financial year 2021, with total... READ MORE
Non-major found to have used unfair contract terms

Non-major found to have used unfair contract terms
by Annie Kane • 13 Aug 2021

The Federal Court has found that a non-major lender used unfair terms in standard form SME loan contracts.

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Commercial loan settlements record upswing: FAST

Commercial loan settlements record upswing: FAST
by Malavika Santhebennur • 11 Aug 2021
Commercial, business and asset finance lending surged in the June quarter, amid renewed business confidence, new... 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
Bank increases maximum loan amounts

Bank increases maximum loan amounts
by reporter • 5 Aug 2021

A non-major bank has raised its maximum loan amounts by up to $900,000 for mortgage borrowers.

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Bank CEO pledges to maintain broker offering following merger

Bank CEO pledges to maintain broker offering following merger
by Annie Kane • 4 Aug 2021
The CEO of Newcastle Permanent has said the lender will continue to operate in the broker channel should its merger... READ MORE
Bcu launches $5k cashback offer

bcu launches $5k cashback offer
by Malavika Santhebennur • 4 Aug 2021
The customer-owned bank has released a cashback offer for new and existing customers who take out an eligible new home... READ MORE
AMP hires intermediary head

AMP hires intermediary head
by Sarah Simpkins • 3 Aug 2021
AMP Bank has recruited from MyState for its new head of intermediary distribution and governance, with the... READ MORE

How mutuals are steaming ahead
by Annie Kane • 3 Aug 2021
As customer needs and expectations continue to evolve, we wanted to find out how the customer-owned banks were... READ MORE
Bank announces new head of home lending distribution

Bank announces new head of home lending distribution
by Annie Kane • 28 Jul 2021
MyState Bank has hired the CEO of RateOne and former NAB head of broker Vic/Tas as its new head of home lending... READ MORE
Banks accused of bias against BNPL in lending process

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
BOQ reshuffles board following ME Bank acquisition

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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Unmet demand for SME credit tipped at $120bn

Unmet demand for SME credit tipped at $120bn
by Sarah Simpkins • 22 Jul 2021
Judo Bank’s chief has told a parliamentary committee that the banking sector is in desperate need of a boost in... READ MORE
Heritage Bank urges ramp-up of vaccinations

Heritage Bank urges ramp-up of vaccinations
by Sarah Simpkins • 22 Jul 2021
Heritage Bank’s chief has called for the government to accelerate COVID vaccinations and avoid any further economic... READ MORE

AMP dodges criminal charges in fees-for-no-service investigation
by Sarah Simpkins • 19 Jul 2021
ASIC has decided to end an investigation into alleged criminal conduct by an AMP financial advice business, relating to... READ MORE
APRA urged to consider business loans in banking review

APRA urged to consider business loans in banking review
by Sarah Simpkins • 16 Jul 2021
The small business ombudsman has argued that APRA needs to better support new entrants to the banking industry, in... READ MORE
Volt acquires non-bank lender

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... READ MORE
MyState names marketing, comms manager

MyState names marketing, comms manager
by Sarah Simpkins • 9 Jul 2021

MyState Bank has appointed a new marketing manager to oversee broker communications.

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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

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
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