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Mutuals lend $83.4bn in 2017

KPMG data highlights strong growth for customer-owned mutual banks in 2017, despite challenging market conditions.

mortgagebusiness
Allianz makes changes to broker division

The insurance giant has reshuffled its senior leadership team and has announced a new appointment.

mortgagebusiness
ASIC accepts enforceable undertakings from ANZ and NAB

The Australian Securities and Investments Commission has entered into enforceable undertakings with the two major banks over their “unconscionable conduct” in the Australian interbank bank ...

mortgagebusiness
Most home values rising again across capital cities

The majority of home values rose across most of the capital cities over the last week while others held or fell slightly, new CoreLogic data has indicated.

mortgagebusiness
Commercial loans become digitised

Electronic commercial loan lodgements will be as common as e-lodgements of residential loans in the next 12 to 18 months, according to technology service provider NextGen.Net.

mortgagebusiness
The new era of data intelligence in credit scoring

Credit scoring solutions have dominated retail banking decision models for decades. In the 1990s and early 2000s when financing was rapidly growing, these credit decision process tools ...

Bill Kalpouzanis
CBA apologises to shareholders

The heads of the Commonwealth Bank of Australia have apologised to shareholders for the bank’s “deficiency” in compliance and the “distress” it has caused customers.

mortgagebusiness
Westpac’s venture capital fund invests in BRICKX

The Reinventure Group has announced that it is investing in shared property investment platform BRICKX.

mortgagebusiness
APRA appoints former NAB GM

The Australian Prudential Regulation Authority has announced the appointment of a new executive general manager for its specialised institutions division.

mortgagebusiness
‘Predatory loans’: central bank slams P2P lending

Peer-to-peer lending platforms have been likened to the subprime mortgages that triggered the global financial crisis a decade ago.

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