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ANZ CEO reveals the ‘biggest challenge’ facing banks

The changing role of banks and technological innovation mean that the biggest challenge facing banks is adapting quickly but safely, the CEO of ANZ has said.

ANZ CEO reveals the ‘biggest challenge’ facing banks
Over 1 in 5 experiencing ‘mortgage stress’

Despite a slight annual improvement, over 20 per cent of Australians continue to experience “mortgage stress”, with a future decline unlikely amid market uncertainty, according to Roy Morgan ...

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LATEST PODCAST: How Australia can learn from overseas markets

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Mortgage Business Uncut Podcast
RC spurs fall in satisfaction with big four

Customer satisfaction in Australia’s major banks has taken a hit off the back of misconduct identified by the financial services royal commission, according to the latest Roy Morgan research

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$5.35m in super released to FHBs

More than $5 million in superannuation has been released to first home buyers under a scheme first announced in the 2017–18 federal budget.

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Open banking plan could spark ‘scaremongering’

Weaknesses in the government’s proposed open banking implementation plan could spark a “scaremongering” campaign, a fintech has warned.

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Quarrel between banks and non-banks continues

The chairman of a regional bank has posed further questions about the rise in “shadow banks” driven by regulatory “constraints” imposed on traditional banks.

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Turnover rates highest across Australia’s regions

Property sales rates were higher in Australia’s regional locations than in its capital cities, according to a CoreLogic analysis.

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Non-bank reaping the rewards of less red tape

A non-bank lender has reported a profit increase of 10 per cent, driven by 15 per cent loan growth despite slowing credit and housing market conditions.

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Demand for personal loans on the rise

Personal finance approvals have increased against the backdrop of declining housing, commercial and lease finance approvals, according to the latest ABS data.

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