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Major bank CFO quits, CEO ‘disappointed’
A big four bank’s chief financial officer has resigned to pursue a career elsewhere, leaving the bank's CEO “disappointed”.
LENDER • Tue, 22 Dec 2020
Fintech announces new CEO
Sandstone Technology has announced that it is promoting its chief customer officer, Michael Phillipou, to CEO.
LENDER • Mon, 21 Dec 2020
Detached housing ‘reaching a decade high’
New home sales increased by a further 15.2 per cent in November, according to new HIA data.
PROPERTY • Sun, 20 Dec 2020
Property transactions expected to rise in 2021
RiskWise forecasts that property transactions could increase by a quarter in 2021 after the 2020 slump.
Don’t use deferrals to ‘hide problem loans’: RBA
The RBA has issued a warning to lenders regarding deferrals and the “two new big challenges” facing Australian banks.
LENDER • Wed, 16 Dec 2020
ACCC green-lights NAB’s $1bn sale of MLC
NAB’s $1-billion sale of MLC Wealth to IOOF is set to go ahead after the competition commission said it would not oppose it.
LENDER • Thu, 17 Dec 2020
Non-majors outperform majors in customer satisfaction
A non-major bank has topped the banking sector overall in customer satisfaction, with the big four trailing behind, according to new data.
ASIC slams school banking programs
ASIC’s review of school banking programs has found that these schemes do not improve children’s savings habits.
ECONOMY • Wed, 16 Dec 2020
Non-bank prices $615.9m asset finance transaction
Pepper Group has priced a $615.9 million asset finance transaction, their fifth issuance in a record year.
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