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Westpac CEO rejects ‘loyalty tax’ link to ‘fees for no service’

Chief executive of Westpac Brian Hartzer has dismissed suggestions that the disparity between back book and front book mortgage pricing is comparable to the “fees for no service” scandal

Westpac CEO Brian Hartzer
Concern raised as lending commitments continue to rise

The total value of home loan commitments continues to rise month-on-month, largely driven by owner-occupiers. However, increasing loan sizes flag concern for a country already inundated with ...

Concern raised as lending commitments continue to rise
NAB profits slide amid ‘disappointing’ lending result

The major bank has released its full-year results, posting a 13.6 per cent decline in its statutory net profit, partly driven by a $15-billion slide in mortgage volumes.  

NAB
Plunge in volumes ‘deliberate’ and ‘self-inflicted’: Westpac

The major bank has released its full-year results, reporting a $14.7 billion slide in mortgage volumes, which according to CEO Brian Hartzer was partly “deliberate” and partly ...

Brian Hartzer
Optus chair joins ANZ board

ANZ has appointed the chairman and former CEO of telecommunications company Optus to its board of directors.

ANZ
CBA only major to report quarterly mortgage growth

Three of the big four banks have reported contractions in their mortgage books over the September quarter, according to the latest APRA data.

mortgagebusiness
Treasurer laments ‘grey area’ in SME lending space

Treasurer Josh Frydenberg has called for clarity concerning the provision of small business credit in light of confusion regarding responsible lending obligations of credit providers.

Josh Frydenberg
New Bendigo chair assumes role

Jaqueline Hey has officially assumed the role of chair of Bendigo and Adelaide Bank, replacing Robert Johanson.

mortgagebusiness
ANZ still grappling with ‘nuanced’ lending environment

The major bank has reported a sharp contraction in home lending volumes in FY19, as it continues to adjust to a “grey area” in the lending space. 

ANZ
Genworth renews CBA contract

The LMI provider has renewed its exclusive contract with CBA for another three years, ending 31 December 2022.

Genworth
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