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Melbourne lockdown to ‘stifle’ short-lived lending recovery

Home lending volumes bounced back in June, according to the ABS, but stage 4 lockdown measures in Melbourne are set to have a “material” impact on demand over the coming months.

Melbourne lockdown to ‘stifle’ short-lived lending recovery
Iress appoints chief commercial officer

The financial services industry software provider has recruited Investment Trends CEO Michael Blomfield to the newly-created role of chief commercial officer.

Iress appoints chief commercial officer
Westpac bounces back with multibillion-dollar mortgage boost

The big four banks have continued to record strong owner-occupier-driven portfolio growth, with Westpac and ANZ leading the pack in the final month of the 2020 financial year.

Westpac bounces back with multibillion-dollar mortgage boost
Westpac woes mount amid new disclosure failures

AUSTRAC’s investigation into Westpac’s alleged breaches of anti-money laundering and counter-terrorism laws has widened amid new revelations from the major bank.

Westpac woes mount amid new disclosure failures
Major bank veteran to step down

Westpac announced the looming departure of one of its longest-serving executives.

Westpac veteran to step down
Business lender acquires invoice financier

SME lender Grow Finance Group has completed its acquisition of an invoice finance lender, its second acquisition in less than a year.

Business lender acquires invoice financier
Illion and Tic:Toc seek to help lenders improve approval times

The parent company of BankStatements.com.au is to resell Tic:Toc’s lending solution to other lenders in a bid to improve turnaround times.

Illion and Tic:Toc seek to help lenders improve approval times
NAB introduces wait list for FHLDS

The major bank has revised its application process for loans backed by the First Home Loan Deposit Scheme in a bid to ‘manage demand’ .

NAB introduces waiting list to ‘manage demand’ for FHLDS
ASIC to review responsible lending guidance

The corporate regulator has revealed that it will review its updated responsible lending guidance after deciding not to take further action in the “wagyu and shiraz” case.

ASIC announces decision on responsible lending appeal
ANZ exec bracing for surge in loan deferral requests

The major bank’s head of retail and commercial banking is anticipating a rise in requests for loan repayment holidays off the back of a second wave of shutdown measures.

ANZ exec bracing for surge in loan deferral requests
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