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Market headwinds trigger call for hedge against big 4

Investors have been warned not to “overexpose” their equity portfolios to the big four banks amid a dampening appetite for ...

Making news this week (ending 11 November)

Making news in mortgages, Bendigo-Adelaide chides proposed ANZ-Suncorp deal, CDR data quality issues targeted in new ...

Consumers don’t know about open banking, Frollo report finds

Frollo is calling for a government consumer awareness campaign on open banking after finding that consumer trust and ...

Draft legislation to widen social housing investment

The government’s housing and investment body has released draft amendments to allow more private investment towards social ...

Fintechs collaborate to streamline lending solutions for APAC lenders

Credisense and Mambu have partnered to combine their technology platforms to produce a cloud-native solution for lenders.

NAB warns mortgages growth to drop to 3% in 2023

The major bank is anticipating a drop in home lending growth next year but has reported home lending up 7.1 per cent end ...

Bendigo-Adelaide chides proposed ANZ-Suncorp deal

Suncorp’s sale to ANZ would add to Australia’s banking “oligopoly”, Bendigo-Adelaide Bank has declared.

Firstmac welcomes 1st female board member

The non-bank lender has welcomed its first female board member to its ranks, as it farewells long-serving board member Andrew ...

Home buyer intentions fall 27.3% YOY: CommBank HSI

Home buying intentions have further declined in October according to the latest data from the Commonwealth Bank of Australia

$10m reclaimed from scams in 1 year: Bankwest

The non-major bank has reportedly recovered over $10 million from scammers over the last 12 months.

Westpac loan book hits $467.6bn

Westpac has recorded improved consumer and business loan books, its 2022 full year results have revealed.

CDR data quality issues targeted in new consultation

Feedback is being sought to identify the “prevalence of, and harm caused by, data quality issues” in the consumer data right ...

Sydney’s star-showing for early November auctions

While total auction activity may be down, it’s forcing more competition into the market, if the latest CoreLogic figures are ...

Major bank found guilty of overcharging

A big four bank engaged in “unconscionable conduct” by charging customers periodic payment fees even though it knew it was ...

Home guarantee uptake surges in Qld

Queensland had the highest concentration of government guarantees in 2021–22, new data has revealed.

Rate hikes will ‘undoubtedly harm home owners’, Hume CEO says

The Reserve Bank of Australia’s November rate hike will put further pressure on mortgagors, according to Hume Bank chief ...

RBA unpacks why its forecasts were so wrong

“Unprecedented events” such as the Ukrainian war contributed to an “underestimation” of inflation, the central bank has ...

CBA class action goes to Federal Court

The major bank will head to Federal Court today (7 November) as the ongoing class action relating to money laundering ...

‘New bank on the block’ — APRA issues RADI licence

The regulator has granted a restricted ADI licence to a new bank for the Australian market.

Approved dwellings fall by almost 6%: ABS

The total number of approved dwellings has declined in September according to the Australian Bureau of Statistics data.

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