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Oct 8 2020
The customer-owned bank’s home loan portfolio has contracted despite over $1.6 billion in settlements, contributing to a 15 per cent hit to its bottom line.
Oct 7 2020
The major bank is recruiting hundreds of new bankers to support businesses through the COVID-19 pandemic.
Oct 6 2020
Non-bank lender Firstmac has suggested that the RBA’s term funding facility could “kill off competition in the home lending market” by putting non-banks at an unfair disadvantage
Oct 5 2020
Non-bank lender Resimac has announced that it has planted 35,000 trees through its Carbon Conscious program since committing to plant a tree for every new loan settled.
Oct 2 2020
ANZ and the Commonwealth Bank have each recorded multibillion-dollar mortgage portfolio growth, far exceeding their big four peers, APRA data has revealed.
Oct 1 2020
While still expecting a change in the official cash rate, the major bank’s senior economist has backtracked from his view that this would occur on the same day as the budget.
Sep 30 2020
The major bank has confirmed reports that it has identified 200,000 accounts with incorrect balances that may have led to customers accessing “excess” redraw.
Sep 30 2020
The interim CEO of the bank’s institutional arm has announced his retirement, while the bank has made an internal appointment to the role of group treasurer.
Sep 30 2020
The major bank has partnered with a crowdsourced security company to establish a “bug bounty” cyber security program.
Sep 29 2020
Banks have welcomed the government’s proposed changes to the Credit Act, outlining that the change will “speed up the flow of credit” to Australian borrowers.
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