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ANZ hikes investor rates by 31bps

The major Australian bank has announced a suite of changes to its fixed residential investment loans, with some rates growing by 31 basis points.

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APRA probe to examine CBA corporate culture

 The Australian Prudential Regulation Authority has detailed the terms of reference for its inquiry into CBA and announced the appointment of three panel members.

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TCorp director joins CBA board

Former Westpac Institutional Bank chief executive Robert Whitfield has joined the board of CBA as a non-executive director.

mortgagebusiness
Smaller lenders under Suncorp’s eye

A non-major is watching the movements of both bigger and smaller lenders as “momentum” around major banks pushes a “range” of entrants into the market.

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Residential lending jumps by more than 7%

The Australian Prudential Regulation Authority has reported a $1.54 trillion total in household lending, reflecting an increase of 7.3 per cent on last year’s figure.

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CBA in S&P’s crosshairs

The Australian Prudential Regulation Authority’s probe into CBA’s anti-money laundering failures could trigger a ratings downgrade, S&P Global has warned.

mortgagebusiness
Growth rates ‘unsustainable’ but 'cataclysmic' crash unlikely

The rate of growth in the Australian property market is “unsustainable”, CoreLogic’s director of research has warned, adding that the nation is unlikely to see a “cataclysmic crash”

mortgagebusiness
APRA to conduct inquiry into CBA

The Australian Prudential Regulation Authority is to conduct an inquiry into the Commonwealth Bank of Australia (CBA) focusing on governance, culture and accountability frameworks and ...

mortgagebusiness
Pepper directors unanimously recommend shareholders to approve takeover

The directors of the Pepper Group have unanimously recommended that shareholders vote for the KKR takeover bid, which would see the lender de-list from the ASX.

mortgagebusiness
How to adapt to rising competition from online lending

Rising competition from online lenders and financial technology start-ups means brokers who want to survive and thrive must differentiate their businesses in new ways.

Philip Gomm, online lending, financial technology start-ups
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