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Adelaide Bank’s former head of broker joins NAB
by Annie Kane • 9 Aug 2021
NAB has welcomed the former head of broker distribution at Adelaide Bank to its home ownership team to help drive...READ MORE
NAB launches Islamic SME financing
by Annie Kane • 5 Aug 2021
The major bank has launched a specialised financing product for Islamic business customers.
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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 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 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.
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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.
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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
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