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Westpac’s chief risk officer to retire

The major bank’s chief risk officer, Alexandra Holcomb, is to retire after 22 years with Westpac Group.

mortgagebusiness
ANZ surprised by prolonged housing weakness

The major bank has admitted that weakness in Australia’s housing market has persisted longer than it expected, and has also predicted prices to moderate further.

ANZ surprised by prolonged housing weakness
Morrison says $700m CBA fine will pay RC ‘bills’

Treasurer Scott Morrison has said that the federal government has “no shortage of bills” and will use some of CBA’s $700 million penalty to pay them.

Treasurer Scott Morrison, CBA, Royal Commission, federal government, shortage of bills, penalty
LATEST PODCAST: Irresponsible lending, DTI limits and foreign investment

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

LATEST PODCAST: Irresponsible lending, DTI limits and foreign investment
CBA to pay $700m penalty in AUSTRAC case

The big four bank has announced today that it will pay a civil penalty of $700 million after admitting to further contraventions of Australia’s Anti-Money Laundering and Counter-Terrorism ...

CBA to pay $700m penalty in AUSTRAC case
RC: Increasing responsible lending obligations ‘unnecessary’

The counsel assisting the financial services royal commission has put it to Commissioner Ken Hayne that he should not be open to consider increases to responsible lending obligations.

RC: Increasing responsible lending obligations ‘unnecessary’
ANZ to be charged with cartel conduct

Legal proceedings are being pursued against ANZ, Deutsche Bank AG and Citigroup Global Markets Australia Pty Limited for alleged cartel conduct.

ANZ to be charged with cartel conduct
NAB ‘unlawfully’ seized proceeds from customer’s home

The major bank has admitted to the financial services royal commission that it had “no lawful entitlement” to seize the full sale proceeds of a customer’s home.

NAB
CBA admits to ‘failures’ in risk function

The major bank has acknowledged to the royal commission that there were “shortcomings” in the way it identified and addressed risk.

mortgagebusiness
ANZ deputy CFO appointed group GM of internal audit

The major bank has appointed Shane Buggle as group general manager, internal audit, replacing Kevin Corbally who transitioned to chief risk officer.

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