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Firstmac enters commercial lending market
22 October 2024

The non-bank lender has announced its move into commercial lending, with a focus on SMSF loans.

BOQ to prioritise digital and business banking after profits drop
22 October 2024

The non-major is reportedly shying away from mortgages to prioritise its digital and business banking services after a substantial drop in earnings.

Inflation expected to drop into RBA’s target band in Q3
22 October 2024

Economists have predicted the upcoming September quarter CPI data to show inflation falling into the central bank’s coveted target band of 2–3 per cent.

Lender found to have engaged in misleading conduct
22 October 2024

The Federal Court has ruled that Latitude Finance Australia made misleading representations over credit card advertisements.

Aussies’ cost-of-living worries easing
22 October 2024

Recent data puts cost-of-living concerns at their lowest in 18 months. However, it still remains the top driver of stress.

The benefits of becoming a one-stop shop for clients
21 October 2024

Brokers who are able to provide a more holistic service for borrowers stand to gain the most.

RBA finds ‘limited evidence’ that investors pass through rates
21 October 2024

The central bank has investigated the notion that investors pass on higher mortgage costs to their tenants.

Term deposit rates falling
21 October 2024

Cash investment may seem like a safe bet for investors. However, recent data has shown that term deposit rates are falling and are now below the inflation rate.

New player enters the SME finance space
21 October 2024

Brokers and borrowers now have more options when sourcing loans, with a new lender specialising in quick funding for SMEs.

Mutuals announce merger intentions – what’s in store for consumers?
18 October 2024

As two mutual banks have announced the signing of a MoU, the broking industry has weighed in on what the outcome could be for regional Aussies.

Unemployment rate unchanged for fourth month in a row
18 October 2024

Unemployment figures have held steady for yet another month, the latest ABS data has revealed.

How women can build a personal ‘advisory board’
18 October 2024

Building a network of mentors and coaches with varied skill sets could help women achieve their career goals, according to an FBAA executive.

CBA hit with $7.5m fine after breaching spam laws
17 October 2024

The major bank is co-operating with an investigation into compliance issues involving messaging to customers and has been slapped with a substantial fine for its actions.

Physical bank branches declining dramatically
17 October 2024

Is the era of the physical bank branch coming to an end? The latest data has analysed how stores are shrinking, potentially making way for a new world of banking.

Big 4 lose market share to non-major lenders
17 October 2024

An aggregator’s recent report has shown that the major lenders have lost market share to their smaller competitors in the first quarter of this financial year.