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‘Move-up buyers’ drive growth in housing finance

Annualised home loan values increased by 10 per cent in October 2016, largely as a result of an increase in the number of ‘move-up buyers’; non-first home buyers who are not investors, new ...

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ANZ asset finance business receives ratings downgrade

A global ratings agency has downgraded its long-term credit rating of UDC Finance (UDC), and will keep it on CreditWatch with negative implications pending its sale to Chinese HNA Group.

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ANZ to sell asset finance business

The major bank has today announced an agreement to sell one of the asset finance businesses of its New Zealand subsidiary for $626 million.

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BOQ acquires SME funding business

Bank of Queensland today announced that it will acquire Centrepoint Alliance Limited’s Premium Funding business for $20 million.

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On the Record: Damian Percy, Adelaide Bank

Mortgage Business goes ‘On the Record’ with Adelaide Bank managing director Damian Percy, who explains the bank’s place in broking, why they’ve designed products with brokers in mind and why ...

Damian Percy, Adelaide Bank, broking, advantage of technology, future
Major lifts rates for investors, will roll out new products in 2017

Australia’s largest lender has lifted its variable rates for property investors and revealed it will introduce new interest-only products in March.

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Major bank appoints new head of sustainable finance

One of the big four banks has appointed a new head of sustainable finance solutions for loans and specialised finance, effective immediately.

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Major bank launches mobile payment system for businesses

Big four bank ANZ has launched a new mobile payment solution for Australian business customers that allows for integration into third-party applications.

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First digital currency code of conduct launched

In a first for the country, the Australian Digital Currency Commerce Association (ADCCA) has launched a digital currency industry code of conduct to protect consumers.

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Tasmania bank launches new digital offering

A diversified financial services group in Tasmania has announced that it has gone live with a new internet banking platform and mobile banking apps to “make managing money on the go more ...

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