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Bank MD steps down, replacement appointed
by Malavika Santhebennur • 1 Oct 2019
A non-major bank has appointed a new managing director after its current head announced his resignation.
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RBA drops cash rate to new low
by Charbel Kadib • 1 Oct 2019
The central bank has cut the official cash rate for the third time in five months.
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Home lending activity slows but set to soar
by Charbel Kadib • 1 Oct 2019
Housing growth has “reached its low”, with the interest rate environment and recent regulatory... READ MORE
Mortgage rates to crack 2.5%
by Malavika Santhebennur • 1 Oct 2019
Mortgage rates are set to hit new lows with the RBA expected to cut rates for the third time in a matter of... READ MORE
AFL final puts brakes on Melbourne auctions
by Malavika Santhebennur • 1 Oct 2019
Auction activity slowed across Melbourne as AFL grand final fever gripped the city but it was the busiest week for... READ MORE
Major bank revises broker remuneration policy
by Charbel Kadib • 30 Sep 2019
A big four bank has announced changes to the way it pays upfront commissions to mortgage brokers.
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Westpac launches major new broker education platform
by Annie Kane • 30 Sep 2019
Westpac Group has launched a major new online learning and business knowledge platform for finance brokers, thought to... READ MORE
ABA slammed for appointing CBA CEO to chair
by Malavika Santhebennur • 30 Sep 2019
Head of the FBAA Peter White has questioned the banking association’s decision to appoint CBA CEO Matt Comyn as... READ MORE
AFG state manager joins Loan Market
by Reporter • 30 Sep 2019
Loan Market has announced that AFG’s NSW state manager has joined its ranks as director of growth.
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ACCC calls for stronger protections in banking code
by Sarah Simpkins • 30 Sep 2019
The Australian Competition and Consumers Commission has criticised the proposed changes to the Banking Code of... READ MORE
New vulnerability training rolled out to brokers
by Annie Kane • 27 Sep 2019
A new training module that aims to help brokers identify customers experiencing financial abuse or other areas of... READ MORE
Aussie backs Treasurer in fight for sober lending
by Charbel Kadib • 27 Sep 2019
The broking franchise group has joined Treasurer Josh Frydenberg in calling for a loosening in the purse strings of... READ MORE
Brokers urged to educate accountants on SME lending
by Annie Kane • 27 Sep 2019
A leading finance broker has said that it is incumbent on brokers to educate accountants on the range of SME finance... READ MORE
Wealth business buys majority stake in fintech lender
by Malavika Santhebannur • 27 Sep 2019
Global wealth manager Skybound Capital has invested $20 million in WA personal lender Fair Go Finance after buying a... READ MORE
‘Massive opportunity’ for brokers in SME lending
by Hannah Dowling • 26 Sep 2019
Brokers and other advisers are “losing ground” in the SME advice space, which represents a “massive... READ MORE
Lender reports 70% growth in broker loans
by Hannah Dowling • 26 Sep 2019
Online SME lender OnDeck has seen a 70 per cent increase in broker-originated loans in the last year, following an... READ MORE
NAB revamps business bank, bolsters broker team
by Charbel Kadib • 26 Sep 2019
The major bank has announced its plans to expand its business and private bank, which includes the strengthening of its... READ MORE
Brokers the ‘priority’ for new lender
by Charbel Kadib • 25 Sep 2019
A new entrant in the lending space is banking on the broker channel as its primary point of distribution for its credit... READ MORE
Big 4 bank cuts rates by up to 90 bps
by Hannah Dowling • 25 Sep 2019
A major bank has announced mortgage rate reductions of up to 90 bps for both owner-occupiers and... READ MORE
Virgin Money revises verification requirements
by Reporter • 25 Sep 2019
The lender has announced a number of changes to its home lending policy, which include a softening of its expense... READ MORE
Loan Market launches new marketing program
by Reporter • 25 Sep 2019
The broking franchise group has unveiled a new marketing automation program.
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SMEs funding growth through non-bank lenders
by Hannah Dowling • 25 Sep 2019
The proportion of Australian SMEs that plan to fund their business growth via their main bank has halved in the past... READ MORE
TMB CEO lauds ‘fantastic’ broker service
by Charbel Kadib • 24 Sep 2019
The chief executive of the mutual bank has noted the contribution of the broker channel in helping the lender deliver... READ MORE
Climate change raising risk for mortgagors
by Hannah Dowling • 24 Sep 2019
The increased frequency of natural disasters is raising risks for home loans and house prices in Australia, and is... READ MORE
ANZ finalises SME business sale in PNG
by Hannah Dowling • 24 Sep 2019
The major bank has finalised the sale of its retail, commercial and SME banking business in Papua New Guinea to Kina... READ MORE
Major bank drops serviceability floor rate
by Annie Kane • 23 Sep 2019
Westpac is dropping its floor rate for home loans next week, which will impact the serviceability assessment rates used... READ MORE
Net of offset policies should ‘mirror’ clawback provisions
by Charbel Kadib • 23 Sep 2019
Loan Market head Sam White has joined the call for a more equitable application of net of offset reforms that better... READ MORE
NAB reveals commencement date of new CEO
by Charbel Kadib • 23 Sep 2019
The major bank has announced the start date for its incoming CEO Ross McEwan.
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Big banks provide 100% CCR data
by Hannah Dowling • 23 Sep 2019
The big four banks have provided 100 per cent of the required eligible account information ahead of the deadline,... READ MORE
Asset finance lender acquired for $260m
by Annie Kane • 20 Sep 2019
Equipment finance lender Axsesstoday, which had been placed into administration, has been bought by an affiliate of... READ MORE
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KNOWLEDGE CENTRE
The Accountants SME Playbook
KNOW MOREUnderstanding management of Australian tax system complaints: The key...
KNOW MORESuccession planning in a time of crisis
KNOW MOREOverview of banks and capabilities for SME clients
KNOW MOREThe incoming insolvency storm
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