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CBA names new CEO

Australia’s largest lender has announced the appointment of a new chief executive officer.

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ASIC seeks court order to wind up lenders

The corporate regulator has commenced proceedings for recovery of unpaid fines against a number of Queensland-based payday lending companies.

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Royal commission submission takes aim at mortgage lending

A submission to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has taken aim at “irresponsible lending”.

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Lending growth and home prices to fall: Fitch

Lending growth is set to slow, home prices will fall and first home buyers will ease their interest in the Australian property market, according to a new report from Fitch Ratings.

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Drop in house prices was seasonal: ANZ

ANZ has noted that a drop in dwelling values in the month of December was “seasonal” and has warned analysts not to fully attribute the fall to a broader downward trend.

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Former Westpac GM to join fintech

The board of payments solution provider zipMoney has named a Westpac general manager as its new non-executive director.

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ANZ increases fixed rates

The major lender has announced changes to its fixed rates on owner-occupier and investment loans, effective immediately.

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CBA to ‘outweigh near-term threats’

Australia’s biggest bank is expected to deliver a $10.3 billion cash profit in FY18 despite uncertainty around the AUSTRAC court case and the upcoming Royal Commission.

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ANZ to donate to financial wellbeing programs

The major bank has announced that it will donate $10 to financial wellbeing programs for every ace served at the Australian Open.

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No sign of regional market slowdown, says lending specialist

The regional lending and property markets are still riding the boom despite reports of a slowdown in some of Australia’s capital cities, according to a regional lending specialist.

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