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Mutuals may need to prepare for mergers: APRA
3 December 2020
Mutuals may need to prepare for mergers: APRA

Customer-owned banks may need to look at merger options in their recovery plans should they seek to avoid failure in the event of a severe financial stress, the deputy chair of APRA has ...

How to keep your network in the loop on Government Guarantee Scheme loans
2 December 2020
How to keep your network in the loop on Government Guarantee Scheme loans

Promoted by ANZ – Business Loans 2021 offers Australian businesses an important opportunity for growth. The ANZ team can help brokers by proactively demonstrating what key funding ...

Deferral exits, expiries hit $100bn
2 December 2020
Deferral exits, expiries hit $100bn

Loan deferral exits have outweighed new entries for the fourth straight month in October, with $100 billion in loans expiring or exiting deferrals, according to new data.

ANZ, CBA continue mortgages growth: APRA
1 December 2020
ANZ, CBA continue mortgages growth: APRA

Owner-occupied loans held by ADIs have continued their upward trend over October, particularly at ANZ and CBA, new figures show.  

CBA-owned fintech backs home buying start-up
30 November 2020
CBA-owned fintech backs home buying start-up

A start-up company that purchases homes for home buyers has secured funding from x15ventures after winning the fintech’s program for entrepreneurs and start-up teams.

Major cyber breach in finance inevitable: APRA
30 November 2020
Major cyber breach in finance inevitable: APRA

To date, no APRA-regulated bank, insurer or superannuation fund has suffered a substantial cyber attack, but APRA executive board member Geoff Summerhayes has warned a lack of ...

Major cyber breach in finance inevitable: APRA
30 November 2020
Major cyber breach in finance inevitable: APRA

To date, no APRA-regulated bank, insurer or superannuation fund has suffered a substantial cyber attack, but APRA executive board member Geoff Summerhayes has warned that a lack of ...

Qld-based lender cuts fixed rates
27 November 2020
Qld-based lender cuts fixed rates

The member-owned bank has reduced rates on fixed rate and variable home loans in response to the RBA’s official cash rate cut announced on Melbourne Cup Day.

Heritage CEO warns of ‘buy now, pay later’ perils
27 November 2020
Heritage CEO warns of ‘buy now, pay later’ perils

While launching a new credit card offer, the CEO of a mutual bank has warned of the potential perils of “buy now, pay later” offerings.

Westpac Group cuts fixed rates
26 November 2020
Westpac Group cuts fixed rates

Westpac and its subsidiaries have reduced its owner-occupied and investment property fixed home loan rates, effective 24 November.