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Lenders implement measures to combat scammers

Two major banks have assured their customers that they will be better protected from scammers through enhancements in scam ...

Risks to financial stability ‘are contained’, APRA suggests

Australians can “have confidence” in the financial system as ‘clouds loom’, regulator APRA has assured.

Australian debt hotline flags ‘call for help’ surge: FCA

There are now ‘broad concerns’ over increasing distress calls from mortgage holders, a national debt helpline has confirmed

NAB reports 1% lift in loan book in 1Q23

The major bank announced the interest hikes had “benefitted” profits, reporting growth in its home loan portfolio.

Majors call for BNPL to be regulated

In submissions published on the Treasury, the major banks, excluding NAB, have called for more regulations around BNPL ...

RBA not intent on ‘smashing Australia’ into recession: Lowe

RBA governor Mr Philip Lowe has defended the central bank’s tactics to ‘navigate the narrow path’, a senate committee has ...

Regional bank closures continue ahead of Senate inquiry

While the Commonwealth Bank has halted regional bank closures, Westpac and NAB said more will come under the chopping block

ACCC confirms terms for rate hike inquiry

Details of the inquiry into how banks set interest rates for savers and home loan borrowers have been revealed by the ...

Australia’s high-end regional markets lose mojo

While regional property prices saw huge gains during the pandemic, the country’s most popular regional markets are plunging, ...

ACCC grants Liberty CDR accreditation

The Australian Competition and Consumer Commission has announced that Liberty Financial Pty Limited is now an accredited data ...

QLD property included in bolstered debt-recovery measures

New debt collection laws could see high-value debtors lose their homes, the Queensland government has confirmed.

Westpac announces digital card

The major bank has emerged on the buy now, pay later scene as the sector faces growing regulatory pressure.

Committee to monitor interest rates on loans

The big four banks will face annual parliamentary scrutiny as part of a new review.

Largest annual home value decline since 2019: CoreLogic

Dwelling values have dropped by the largest annual decline since May 2019, according to CoreLogic.

Clearance rates slip as rates continue to rise

The portion of Australian auctions that returned a positive result fell this week despite an overall activity increase, ...

Aussies’ spending decline starts as fixed mortgage cliff nears

West Australians are spending significantly less in the new year thus far, latest Bankwest data has revealed.

2–3% CPI target band not until June 2025: RBA

The RBA has given more background to factors affecting its ideal inflation target, going forward.

Non-major banks pass on February rate hike

Home loan and savings rates continue being adjusted after the latest 25-bp cash rate rise, non-major banks have announced.

Sydney ranks as most expensive capital per sqm: Domain

Research conducted by Domain has found that Sydney tops the list for dearest capital city per square metre in the country.

ANZ appoints non-executive director

The major bank’s chairman Paul O'Sullivan announced that Graham Hodges has joined the ANZ board as a non-executive director, ...

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