Lender

Dec 3 2018

With the financial services royal commission now having closed its seventh round of hearings, we take a look at some of the recent developments and next steps.

Dec 3 2018

As we enter the last month of the calendar year, more lenders have announced changes to broker commission off the back of the Combined Industry Forum recommendations.

Nov 30 2018

The result of a shareholder vote to determine the outcome of a $630 million takeover bid for a lender has been announced.

Nov 30 2018

A commissioner from the Productivity Commission has rebutted calls for new entrants to become stakeholders in the NPP, implying that it might not be effective in boosting competition.

Nov 30 2018

The underlying profits of Australia’s mutual banks, credit unions and building societies have increased as competition in the mortgage market intensifies.

Nov 29 2018

A flat fee paid by lenders to brokers is “worth looking at” and is “not an unreasonable proposition”, ANZ CEO Shayne Elliott has told the financial services royal commission.

Nov 29 2018

ANZ’s branch network is “not a terribly efficient” or “well used” avenue for mortgage origination, CEO Shayne Elliott has told the financial services royal commission.  

Nov 29 2018

Challenger lenders pose no real threat to the major banks despite their aspirations to dismantle the long-standing oligopoly, according to a commissioner.

Nov 28 2018

Funding law suits against the bank from NAB’s own customers would have produced better outcomes than ASIC-negotiated remedial action, the bank’s chairman has said.