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Submissions open under new ASIC inquiry

A new inquiry has been commissioned by the Senate into the Australian Securities and Investments Commission (ASIC) and its ...

Westpac board member retires after 9 years

The major bank has announced the retirement of Peter Marriott from the Westpac board at the end of the 2022 annual general ...

Owner-occupier loans drop 9.3% in a month: ABS

The value of owner-occupier mortgages dropped almost 10 per cent in September, according to the Australian Bureau of ...

‘Scourge’ inflation target rate ‘couple of years away’: RBA

Persistent high inflation would mean dealing with it for longer and even higher interest rates, the RBA has warned.

First movers begin passing on RBA rate rise

The RBA’s November cash-rate increase to 2.85 per cent is flowing through to more Australian bank interest rates this ...

Shareholders approve bank merger

The merger of two mutual lenders now only requires APRA approval to go ahead, after members gave the deal the green light.

Borrowers facing ‘unchartered waters’, warns CoreLogic

Some mortgagors who took out a loan before October 2021 wouldn’t service their loan buffer now, CoreLogic has flagged, noting ...

New COBA code to protect vulnerable customers introduced

The Customer Owned Banking Association has introduced a new Code of Practice to increase protection for vulnerable customers

BNK portfolio reaches $2.8bn

Digital bank BNK has reported first quarter 2023 growth across key metrics, with its total portfolio now around $2

2.85% November cash rate announced

In a call that could have gone each way, the central bank has announced a 25 basis points hike for its Melbourne Cup Day rate ...

Could a 50-bp rate hike be back in focus?

Most big four banks expect a 0.25 per cent rate hike today, but recent inflation data may have put 50bps back on the table.

Resident loans aiding lending growth amid tight times: APRA

Despite monetary tightening, a $6.5 billion (0.5 per cent) increase in loans to owner-occupied housing has aided credit ...

ASIC under fire for ‘failing to meet its obligations’

A new inquiry has been commissioned by the Senate into the Australian Securities and Investments Commission.

Community First to rebrand following successful trademark dispute

Community First Credit Union has announced that it will be rebranding as Community First Bank after a successful trademark ...

Budget Reply reaffirms super use for FHB: Dutton

Opposition Leader Peter Dutton has released the Liberal Party's Budget Reply, outlining that people should be able to use ...

Buyback scheme announced for Northern Rivers

A new program delivered by the NSW and federal governments will offer 2,000 flood-risk home owners to repair, retrofit, or ...

Home buyer confidence rose in Q3, finds NAB

Confidence in the housing market bounced back in the last quarter, as the Reserve Bank of Australia eased back on its bumper ...

New APRA chair confirmed

The Treasurer has announced who will take over from Wayne Byres as chair of the Australian Prudential Regulation Authority.

Economists rate government’s housing accord

Given more than 1 million homes were built on average over a five-year period, economists weigh in on the government’s ...

Westpac and Aus Post extend partnership

Westpac Group has announced an extension of its partnership with Australia Post to continue offering over-the-counter banking ...

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