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BOQ announces job losses, blames digital channel
22 August 2024

Persistent job losses at the Bank of Queensland (BOQ) have the future of the non-major up in the air, with bank branches now “at great risk of closure”. The digital channel has taken the ...

Mutuals could total less than 10 in the coming years
22 August 2024

A recent report has forecast the landscape for our mutual banking sector, with predictions claiming over 40 could disappear, leaving Australia with less than 10 providers. How will this ...

Offshoring your broking team goes deeper than cost reduction
22 August 2024

There are plenty of benefits that can come from offshoring teams. While cost-effectiveness is certainly one of them, for those who are capable of doing so, there are many benefits to be ...

Westpac the first supported by ‘landmark’ green energy program
22 August 2024

The major bank is launching a new loan for customers making energy-efficient upgrades to their homes.

Is it time to talk about quotas in financial services?
22 August 2024

An executive at the Institute of Public Accountants has suggested that a discussion around the need for gender quotas in financial services may now be warranted.

LMG to help brokers secure self-employed clients via training initiative
22 August 2024

The aggregator has relaunched a specialist training initiative designed to assist brokers in capturing more business from self-employed clients.

Mortgage aggregators to be included in ASIC reference checking
21 August 2024

An update to ASIC’s reference checking and information sharing protocol for financial advisers and mortgage brokers is coming soon. Here’s what you need to know.

Bendigo Bank brings another aggregator onboard
20 August 2024

Bendigo Bank has expanded, with aggregator Loan Market Group (LMG) now offering the non-major bank’s loans for the first time.

Is the RBA growing impatient in the fight against inflation?
20 August 2024

Minutes from the August monetary policy meeting have suggested the bank has a lower level of tolerance for stubborn inflation.

Non-major appoints CCO
20 August 2024

The bank has announced the appointment of a chief commercial officer to take charge of a newly created unit.

Brokers and investors: Beware the ‘zombie’ company
20 August 2024

The concept of ‘zombie’ companies was detailed in a recent report, highlighting a surge in this trend. Broker Daily chatted to a NAB executive on the matter who urged investors and brokers ...

Another bank merger is on the horizon
20 August 2024

A Tassie and a Queensland-headquartered bank have announced their intention to merge, with a desire to continue to service local communities.

‘Every day an average of 20 investment scam websites are taken down’, says ASIC
20 August 2024

ASIC has celebrated one year since establishing investment scam disruption. In this time, the commission has taken down over 7,300 phishing and investment scam websites, totalling around 20 ...

Commercial brokerage expands to WA
20 August 2024

Commercial and finance brokerage Stamford Capital has continued its expansion with a move west to Perth. This opening marks the fifth office in as many states for the company.

Business failures set to increase across the country
19 August 2024

Aussie businesses are doing it tough and, according to recent forecasts, it’s only set to get worse as business failures are expected to rise nationally.