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ANZ-Suncorp merger won’t ‘substantially’ lessen competition: ANZ

The major bank has asserted that Suncorp Bank is not a “particularly important source of competition”, in a response to the ...

Latest GDP figures revealed amid mounting uncertainty

The latest national accounts data has shed light on the trajectory of the Australian economy, which observers increasingly ...

Cheques out: Cheques to bounce by 2030

The government will phase out cheques from the financial system by 2030, as part of an overhaul of the payments system.

NAB, CBA confirm head of broker changes

The heads of broker distribution at two major banks have left their roles, with acting heads moving to head up the channel in ...

Serviceability buffers to cushion banks from credit losses 

New data has revealed that Australian banks face low credit losses despite rising rates.

Bank mortgages down $12bn in March quarter

Around $133 billion of new home loans were funded by banks in the first three months of the year, a drop of nearly 9 per ...

Further tightening may be required as house prices rise

Rising house prices could result in more tightening of monetary policy, RBA governor has said following another rate hike.

Mortgage arrears lift amid tightening serviceability

Rising costs and eroding savings buffers are contributing to mortgage arrears growth, a new report has revealed.

Mortgage industry veteran Huw Bough to retire

The banking executive, who has been in the mortgage industry for more than 25 years, is set to retire at the end of this week

Stop order on lender revoked after 24hrs: ASIC

The regulator has lifted the stop order on a lenders' BNPL products after it addressed the raised concerns.

MA Financial expands asset management division

The group has announced the appointment of Anthony Habis as managing director and head of real estate partnerships in its ...

Drop in refinancing likely to be short-lived

The value of owner-occupier housing loan refinances fell during April 2023, new data has revealed.

Banks predict rate pause for June

The major banks have weighed in with their forecasts for the RBA’s cash rate decision for June.

AI’s ‘profound consequences’ require warning

Like the internet and Facebook before it, AI is the latest technological craze promising to take over the world and ...

‘Increasingly entrenched’ property rebound a ‘headache’ for RBA

Residential property values have continued to defy contractionary monetary policy settings, with sustained increases ...

BOQ chairman flags ‘challenges’ in operating environment

The non-major bank’s newly appointed chairman has written to shareholders flagging “a number of challenges in the current ...

ING lifts investment loan LVR

The non-major bank has announced an increase in the maximum LVR for investment purposes.

Smaller homes and convenience now prioiritised by families

The cost of living, return to office life, and shift in priorities highlighted during lockdowns are driving Australian ...

Labor government announces NHFIC appointments

The federal government has appointed Carol Austin as the new NHFIC chair and Nigel Ray and the Honourable Richard Wynne to ...

15% of variable-rate borrowers face negative cash flow: RBA

If variable-rate borrowers do not adjust their spending habits, 15 per cent of them will be in ‘negative cash flow’ by the ...

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