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NAB has a ‘mountain to climb’, concedes chairman

Outgoing NAB chairman Ken Henry has acknowledged that the bank has a “long way to go” before it can meet the expectations of all of its customers.

Ken Henry
RBA weighs in on RC recommendations

Commissioner Hayne’s recommendations concerning the provision of credit have been described by the RBA governor as “balanced and sensible”, with the central bank’s chief also providing his ...

Philip Lowe
CBA profits up, brokers drive lending growth

The major bank has posted steady results for the first half of 2019 against a backdrop of slowing market conditions and public scrutiny from the banking royal commission.

CBA
Former Citibank exec joins P2P lender

A peer-to-peer lender has announced the appointment of a former Citibank executive as its chief marketing officer.

Melissa cicero Societyone
RC’s final recommendations revealed

The long-awaited final report of the financial services royal commission has been released to the public, containing Commissioner Kenneth Hayne’s recommendations for reform in the mortgage ...

RC’s final recommendations revealed
CBA arm ordered to stop charging fees for ongoing service

The financial planning arm of Commonwealth Bank, Commonwealth Financial Planning Limited, has been ordered by ASIC to stop charging fees for ongoing service.

CBA arm ordered to stop charging fees for ongoing service
Lender sees 43% growth in loan value

An ASX-listed neo-lender saw a 43 per cent growth in the value of new loan settlements over the second quarter of the financial year and has announced some personnel changes.

mortgagebusiness
Borrowers increasingly turning to online lenders

Australians are increasingly turning to online lenders for better deals on their mortgages, according to a new Mozo analysis.

mortgagebusiness
SME lender appoints former CBA exec as CEO

A publicly listed small business lender has brought in a former Commonwealth Bank executive as its new CEO.

Joanna White
‘Relaxing’ lending standards would ‘reflate’ credit bubble

Regulators should consider “aggressive” monetary policy action “sooner rather than later”, with a move to wind back prudential measures likely to restimulate the “credit boom”, according to ...

Stephen Koukoulas
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