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Apr 29 2020
The major bank has written off $1.6 billion in impairments relating to the economic fallout from the COVID-19 outbreak.
Apr 28 2020
The number of auctions held across the combined capital cities fell to 431 in the week ending 26 April, down from the 1,922 scheduled in the week prior, according to CoreLogic data.
Apr 27 2020
Growing credit quality concerns have prompted ratings agency Moody’s to downgrade the issuer ratings and outlooks for several non-major banks.
Apr 24 2020
A Queensland Small Business Commissioner will be appointed to give small businesses a single point of contact for leasing disputes during recovery from the impact of COVID-19.
Apr 23 2020
The current crisis should be used as an opportunity for lenders to overhaul their processing platforms and embrace new technology, according to fintech NextGen.Net.
Apr 21 2020
The major bank has released new guidance for its first-half 2020 earnings result, realising over $1 billion in new charges relating to customer remediation, software capitalisation, and a ...
Apr 21 2020
The non-major lender has launched an unsecured credit product tailored to SME customers impacted by COVID-19.
Apr 20 2020
The major bank will no longer process applications for mortgage protection insurance from both new and existing customers.
Apr 16 2020
The major banks have regained lost ground in the home lending market, consolidating their positions ahead of the economic blow dealt by the coronavirus outbreak.
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