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Cigno action against ASIC product order dismissed
1 July 2021
Cigno action against ASIC product order dismissed

The Federal Court has dismissed an application by lender Cigno, which sought to quash a product intervention order around a short-term credit model.

New digital mortgage lender officially launches
30 June 2021
New digital mortgage lender officially launches

A digital mortgage lender, Nano, has officially launched, dropping its variable rates for all new and existing owner-occupiers and investors looking to refinance.

Genworth CBA contract up for renewal
30 June 2021
Genworth CBA contract up for renewal

Genworth will be making the case for Commonwealth Bank to extend its LMI contract, after the end of its mandate with NAB in November.

WA FHB loans doubled through pandemic
29 June 2021
WA FHB loans doubled through pandemic

More than 22,000 new housing loans to first home buyers in Western Australia were approved in the 10 months between July 2020 and April 2021 according to new research, nearly double for the ...

Banks offer relief to Sydneysiders
28 June 2021
Banks offer relief to Sydneysiders

Several lenders, including all four major banks, have offered loan relief to Sydneysiders impacted by the two-week lockdown.

Open banking threatens one-stop-shop finance: Athena
28 June 2021
Open banking threatens one-stop shop finance: Athena

The lender’s chief has predicted the rise of smaller specialist players against the major institutions, as the next stage of the open banking regime ticks closer.

Citi to launch BNPL ‘card’
28 June 2021
Citi to launch BNPL ‘card’

The Australian bank is set to launch a digital buy now, pay later offering for customers that can be used anywhere Mastercard is accepted.

Former bank CEO joins AMP board
25 June 2021
Former bank CEO joins AMP board

AMP Ltd has announced that a former CEO of Bendigo and Adelaide Bank will join the board from 1 July 2021.

MyState closes $24.2m raise, recruits director
25 June 2021
MyState closes $24.2m raise, recruits director

The non-major bank has completed a $24.2-million capital raising from retail investors, as it has named a new board director.

Westpac U-turns on demerger plans
24 June 2021
Westpac U-turns on demerger plans

The major bank has confirmed that it will not proceed with the demerger of its New Zealand business.