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Building society to rebrand under regional bank
by Reporter • 20 Nov 2018
The Rock Building Society was acquired by MyState Group in 2011, but it has been operating under its own name over... READ MORE
Major bank CEO backs fees-for-service model
by Charbel Kadib • 19 Nov 2018
Appearing before the financial services royal commission, Commonwealth Bank (CBA) CEO Matt Comyn noted his support... READ MORE
New SME lender raises $31.5m
by Reporter • 19 Nov 2018
New non-bank lender Lumi has raised $31.5 million, $25 million of which is a debt facility provided by Israeli... READ MORE
Lender cracks down on savings verification
by Reporter • 15 Nov 2018
NAB-funded wholesale lender Advantedge has announced changes to its credit policy, effective 19 November.
As well as... READ MORE
Major bank announces commission structure changes
by Annie Kane • 14 Nov 2018
As of Saturday, 24 November, the Commonwealth Bank of Australia (CBA) will calculate upfront commission for new home... READ MORE
Government launches $2bn fund for SME lenders
by Annie Kane • 14 Nov 2018
In a joint statement, Treasurer Josh Frydenberg and the Minister for Small and Family Business, Skills and Vocational... READ MORE
Flat commissions could eliminate ‘lender choice conflicts’: AFG
by Charbel Kadib • 14 Nov 2018
In response to the interim report of the Royal Commission into Misconduct in the Banking, Superannuation and... READ MORE
Major bank ‘enhances’ verification requirements
by Reporter • 14 Nov 2018
ANZ has informed brokers that it will introduce enhanced home loan verification requirements, effective from 20... READ MORE
Bank proposes introduction of standardised commissions
by Charbel Kadib • 12 Nov 2018
In its response to the interim report of the Royal Commission into Misconduct in the Banking, Superannuation and... READ MORE
Lender enhances marketing kit for brokers
by Reporter • 12 Nov 2018
Pepper Money has announced the addition of new tools to its Alternative Lending Marketing Toolkit to help brokers... READ MORE
Macquarie restricts SMSF loan offering
by Charbel Kadib • 9 Nov 2018
Macquarie Bank has announced that it will continue offering self-managed super fund (SMSF) property loans amid... READ MORE
OnDeck data finds strong customer patterns in online business lending
by OnDeck • 8 Nov 2018
Data analysis by OnDeck Capital Australia (OnDeck), a subsidiary of the US-listed OnDeck Capital, has shown definite... READ MORE
Bank announces remuneration changes
by Charbel Kadib • 8 Nov 2018
Macquarie Bank has announced that, as of 1 December, it will pay commissions on the loan account balance (net of any... READ MORE
SMEs to increasingly lean on smaller lenders
by Tas Bindi • 8 Nov 2018
Smaller and specialist lenders are expected to continue gaining market share as small businesses, like consumers,... READ MORE
Regional bank mulling merger with credit union
by Reporter • 8 Nov 2018
Regional Australia Bank and Holiday Coast Credit Union have announced that merger discussions are underway between... READ MORE
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