Lender

Following the Reserve Bank’s long-awaited and highly anticipated cash rate drop, lenders have begun implementing interest rate cuts.

This week saw another cash rate cut of 25 bps, which many lenders had already anticipated amid the heightened competitive landscape, leading them to start cutting interest rates last week in ...

Immediately following the RBA’s cash rate cut, lenders began implementing interest rate reductions. Some have yet to budge, however.

The importance of customer service and the power it has to capture and retain clients was the topic of discussion in this week’s episode of Business Accelerator.

CBA has introduced digital tools and fast-track approvals to help small businesses access equipment and vehicle finance more quickly.

Major bank Westpac is set to cut more than 1,500 employees in an attempt to hit lofty cost reduction targets, spurring outrage from the finance union.

The non-bank lender has faced scrutiny from the commission for an alleged failure to assist customers facing financial hardship. Resimac has since responded.

The Commonwealth Bank of Australia (CBA) has moved to cut another 163 jobs across their customer services roles, bringing their total workforce reductions to nearly 800 over the past year.

Following the RBA’s decision to reduce the cash rate by 25 bps, lenders across the country are beginning to implement refreshed products.

End of financial year (EOFY) is fast approaching. For brokers, this means clients may be looking to the year ahead, planning budgets.