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RBA to raise rates by 25bps in August: NAB

The major bank believes that the Reserve Bank of Australia will raise the cash rate by 25 basis points in August and November.

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Royal commission is ‘high risk’, says Elliott

ANZ CEO Shayne Elliott has explained how he feels about the upcoming royal commission, the risks involved and why the bank and its big four peers prompted the government to get on with it.

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Lending trends we’ll see in 2018

As the year draws to a close, home loan lender ME Bank outlines five key trends that borrowers may encounter in 2018.

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Regulators tipped to loosen lending restrictions in 2018

Moody’s has suggested that Australia may be encouraged by New Zealand’s actions to loosen macro-prudential measures.

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Major bank muscles in on fintech lending turf

NAB has announced an unsecured online lending tool that allows small businesses to borrow up to $100,000 without security requirements.

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ANZ’s $1.5bn Christmas present to shareholders

The major lender will return $1.5 billion in cash to shareholders as part of an on-market share buyback set to commence in January 2018.

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CBA fine could exceed $500m, says analyst

Morningstar has speculated that Australia’s largest bank could be made to pay more than half a billion dollars in fines for failing to comply with anti-money laundering and counter terrorism ...

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CBA accused of more AML/CTF breaches

New legal contraventions against the Commonwealth Bank of Australia have been filed by AUSTRAC, suggesting that the bank, if found guilty, could be fined more than $1 trillion if charged the ...

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CBA admits to breaches of counter-terrorism and anti-money laundering laws

Commonwealth Bank (CBA) has filed its response to the civil proceedings commenced by AUSTRAC on 3 August 2017, admitting to several of the allegations regarding breaches of anti-money ...

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‘We need to build trust’: ANZ

As the banking industry prepares to face a Royal Commission, ANZ has acknowledged that it must continue working to meet customer expectations.

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