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The mutual bank has released its first half-year results since beginning operations as a standalone organisation.

ABS figures have revealed another drop in new mortgage lending values.

The regulator has confirmed it has revoked a restricted ADI licence upon request from the bank.

The CBA subsidiary will close 45 branches in Western Australia and rely more heavily on the broker channel as it has announced its move to become a digital bank.

The competition watchdog “does not propose to seek review” of the competition tribunal’s decision to grant authorisation for ANZ to acquire Suncorp.

Turnaround times have reached new record speeds at the biggest banks, while small ADI and non-bank turnarounds have also reduced, according to new research.

APRA has confirmed it has removed restrictions to an RADI, allowing it to operate as a fully fledged bank.

Home loan originations decreased at the non-bank lender in 2023 due to “intense” competition.