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Westpac downsizes, cuts overseas businesses

Westpac is set to consolidate a number of its international operations in a bid to simplify its operations and improve capital efficiency.

Westpac downsizes, cuts overseas businesses
Better Choice appoints ex-Westpac exec

The non-bank lender has recruited a former Westpac banking executive to fill its newly created role of national manager, sales and strategic partnerships.

Better Choice appoints ex-Westpac exec
SFSF investment inches towards $4bn

Total funds invested or committed by the Structured Finance Support Fund have exceeded $3.5 billion as at September.

SFSF investment inches towards $4bn
Commonwealth Bank rolls out new brand identity

The Commonwealth Bank has updated its logo for the first time in nearly 30 years, moving to a solid yellow diamond and removing the conjoined m’s in its name.

Commonwealth Bank rolls out new brand identity
Auction volume, clearance rate inch upwards

The volume of auctions and success rate increased across the combined capital cities last week, but is still down on last year’s levels, according to data.

Auction volume, clearance rate inch upwards
Mortgage approvals soar to new heights

An unprecedented spike in owner-occupied demand has lifted the value of home loan approvals to a record high, the latest ABS data has revealed.

Mortgage approvals soar to new heights
More lenders appointed to SME Guarantee Scheme

A total of nine lenders, including major banks, non-majors and non-bank lenders, have been confirmed as eligible lenders for the second phase of the Coronavirus SME Guarantee Scheme.

More lenders appointed to SME Guarantee Scheme
Latitude reverts to pre-COVID lending criteria

The non-bank lender has announced that it is restoring its lending criteria to pre-COVID-19 settings to reflect improving economic conditions amid the COVID-19 pandemic.

Latitude reverts to pre-COVID lending criteria
Open banking could shake up lending: tech head

Open banking could make borrowers less “sticky” and more willing to switch lenders, meaning organisations may have to find ways to retain customers, according to ME Bank.

Open banking could shake up lending: tech head
Lenders and property market largely welcome budget

Several players in the lending and property sectors have welcomed the federal budget for 2020-21, particularly the expansion of the instant asset write-off and First Home Loan Deposit Scheme

Lenders and property market largely welcome budget
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