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ANZ job cuts ‘beyond belief’

The major bank’s decision to cut hundreds of jobs has been rebuked by the Financial Sector Union, which fears the financial welfare of outgoing employees amid growing economic uncertainty

ANZ
AMP, Westpac found wanting by customers

Westpac and AMP have been labelled among the least trustworthy banks, new research has found.

AMP and Westpac
Baird to exit NAB, interim replacement announced

The big four bank has announced that the head of its retail bank has resigned from his post.

Baird to exit NAB, interim replacement announced
Xinja launches capital raise to fund lending ambitions

The neobank has announced the launch of its series D capital raise, open to “sophisticated” investors via the Equitise platform.

Xinja
BNK earnings bolstered by lending boost

The bank has reported an improvement in its underlying earnings, driven by an increase in the uptake of is on-balance sheet loan products.

Simon Lyons
CBA widens home lending gap between peers

Three of the big four banks failed to grow their mortgage books in the first month of 2020, in contrast to the Commonwealth Bank, which continues to record “unusually” strong growth, the ...

Big four banks
Class actions filed against ANZ, Westpac

Law firm Slater and Gordon has filed new class actions against ANZ and Westpac for the alleged mis-selling of credit products.

Class actions filed against ANZ and Westpac
BOQ unveils new strategy amid lending resurgence

The non-major has outlined ambitions to overhaul its digital processes and revamp its lending strategy as part of a five-year plan to drive sustainable long-term growth.

George Frazis
ANZ increases credit limit for timely SME funding

The major bank has injected an additional $9 billion in credit into an initiative designed to provide small-business customers with quick access to funding.

ANZ
ALI Group warns of CBA initiative limitations

Mortgage protection provider ALI Group has welcomed CBA’s new Compassionate Care insurance initiative, but warned the scheme’s cover is “very limited” for non-terminal mortgagors.

ALI Group warns of CBA initiative limitations
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