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Housing slump likely a ‘textbook adjustment’: ANZ

The housing market downturn will not have a spill-over effect on the broader economy if prudential standards are “correctly calibrated” amid “bottom-up” tightening from lenders, ANZ Research ...

Properties suburb
NAB succumbs to cost pressures and hikes rates

The major bank has announced increases to its variable owner-occupied and investor home loan interest rates.

NAB succumbs to cost pressures and hikes rates
Credit in 2019: The three big changes you need to know about

If 2018 set the scene through the explosive Hayne royal commission, this year is when the real changes roll in.

Credit in 2019: The three big changes you need to know about
Citi Australia on look out for new chief

The global investment bank is set to begin its search for a new chief, after its CCO was appointed to head one of its foreign divisions.

mortgagebusiness
CBA to take $169m hit amid operational changes

The Commonwealth Bank is set to absorb millions in costs associated with its disposal and demerging of subsidiaries.  

mortgagebusiness
Commercial real estate transactions fall 10%

The CBRE has reported that the total amount of commercial real estate transactions fell by nearly 10 per cent in 2018, the lowest levels recorded since 2013.

mortgagebusiness
Goldman Sachs provides $135m to SME lender

Alternative lender Capify has secured a $135 million credit facility from Goldman Sachs Private Capital to support its growth plans and provide working capital to small businesses.

mortgagebusiness
Peer-to-peer lender appoints new CFO

SocietyOne has announced that it has appointed Westpac’s former head of finance for commercial banking as its new chief financial officer.

mortgagebusiness
Lender CEO dismisses neobank ‘hype’

The CEO of a non-major lender has called on borrowers to “forget the hype” surrounding neobanks as an alternative to the big four.

Peter Lock
Lender lifts home loan rates by 20bps

The sustained rise in funding costs has forced the hand of another lender to increase its mortgage rates by up to 20 basis points.

Lender lifts home loan rates by 20bps
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