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Marketplace lenders lack ‘information advantage’: RBA

The Reserve Bank of Australia has said that there is no evidence that marketplace lending platforms are reducing financial constraints for small businesses.

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Elliott wants a smaller ANZ with fewer offerings

After announcing the $2.85 billion sale of its life insurance business, ANZ chief Shayne Elliott has explained why the bank is now looking to “do a few things and do them very well”.

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P2P lending growth signals shift in investor attitude

Peer-to-peer lending platform RateSetter has reported record growth, suggesting that Australians are increasingly searching for alternative investment options.

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ANZ offloads life insurance business for $2.85bn

The big four bank has announced on Tuesday the sale of its life insurance business to Zurich Financial Services Australia.

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Former ANZ boss joins non-major

AMP Limited has appointed a former ANZ New Zealand chief executive to replace its outgoing chief risk officer in 2018.

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‘Unwarranted’ royal commission must end ‘political football’: Westpac

Westpac executives have called for the “unwarranted” royal commission to put an end to the “political football” they claim is being played by Australia’s major parties.

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Royal commission shouldn’t derail competition reform: COBA

The Customer Owned Banking Association has called for the implementation of pro-competitive reform in retail banking to continue during the Royal Commission into Misconduct in the Banking, ...

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First home buyers significantly changing priorities: Westpac

First home buyers are less focused on buying homes in popular areas, or areas close to their work, new research has found, suggesting that affordability challenges are making buyers ...

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Commission won’t ‘erode’ competitive advantage of majors

A top banking analyst believes that a Royal Commission will not impact the “strong competitive advantages” of the big four, adding that the final report will not produce any “major ...

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Fintech lender secures $120m warehouse facility

Australian fintech lender MoneyMe has finalised a $120 million asset-backed wholesale securitisation facility led by a global investment manager.

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