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AMP book grows, group sees outflows

While the bank posted marginal loan book growth, the group reported net outflows in its wealth management and AMP Capital divisions.

AMP book grows, group sees outflows
IHA increases share in iSelect

The ACCC has cleared the way for the parent company of Compare the Market, Innovation Holdings Australia, to increase its stake in competitor iSelect.

IHA increases share in iSelect
Pepper celebrates 21st with tree-planting initiative

The non-bank lender will plant 21 trees for every employee in Australia, New Zealand and the Philippines, in celebration of its 21st anniversary.

Pepper celebrates 21st with tree-planting initiative
NAB highlights ‘phantom investors’ issue

The major bank has revealed that the bank has been unable to contact hundreds of borrowers on COVID-19 deferrals, noting that the majority of these people are investors.

NAB highlights ‘phantom investors’ issue
ANZ to close 15 regional branches

The major bank has announced the closure of 15 regional branches, citing customer shift away from branches and into remote banking.

ANZ to close 15 regional branches
Examine role of leverage in house prices: Westpac

The major bank’s CEO pointed to “much lower” levels of leverage in the housing market compared with previous price peaks when questioned on macro-prudential tightening of lending standards

Examine role of leverage in house prices: Westpac
Meet Australia’s newest alternative non-bank lender

Promoted by Oak Capital This month saw the launch of Australia’s newest and truest alternative lender – and it’s a name you might already know…

Meet Australia’s newest alternative non-bank lender
Citi to sell Australian consumer business

Citi is to exit its consumer business, including mortgages, loans, retail banking and credit card operations, in Australia and 12 other markets.

Citi to sell Australian consumer business
BOQ lending grows by over $1bn

The non-major has reported growth in housing lending as well as a rise in home loan settlements via the broker channel.

BOQ lending grows by over $1bn
Non-major director steps down

Heritage Bank has announced that board director and chair of the risk and compliance committee, David Thorpe, is to step down from his position.

Non-major director steps down
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