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Non-majors to face parliamentary grilling

Australia’s non-major lenders will front a parliamentary committee later this year to face questioning over their implementation of the banking royal commission’s recommendations.

Parliament house
Lender cuts fixed rates by up to 60 bps

A non-major bank has announced that it has cut fixed rates up to 60 basis points for both owner-occupiers and investors, effective 14 October 2019.

ME Bank
NAB launches cyber security summit

The major bank has announced a cyber security summit and a roadshow to educate small businesses on how to defend themselves against threats.

mortgagebusiness
NAB to provide $2bn for affordable housing

The major bank has pledged $2 billion in funding and services to assist not-for-profit affordable and specialist housing providers, including those who build crisis accommodation, disability ...

NAB
La Trobe prices over $1bn RMBS

The non-bank lender has raised over $1 billion for its latest RMBS, which has received strong interest domestically and internationally.

La Trobe prices over $1bn RMBS
Westpac mulling branch closures

The major bank has revealed that it is considering the closure of six of the group's branches in Queensland. 

Westpac
Lenders continue to slash variable rates

Mortgage rate reductions have continued, with several non-major lenders repricing their mortgage products following the Reserve Bank’s latest cut to the cash rate.

mortgagebusiness
ANZ to close branches in Victoria, SA

ANZ has confirmed plans to close branches in Victoria and South Australia, adding to 20 being shut across the two states in the past year.

ANZ
Non-majors slash variable mortgage rates

Three non-major lenders have dropped their mortgage rates in response to the Reserve Bank’s latest cut to the cash rate.

Non-majors slash variable mortgage rates
Owner-occupiers push ANZ into positive territory

The major bank has recorded its first monthly mortgage portfolio increase in 2019, thanks to a sharp uptick in owner-occupied volume, new APRA data has revealed.

ANZ
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