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Non-major sees lift in lending, but struggles with tech

Suncorp Bank has announced a 1.9 per cent growth in lending, with strong growth in the second half of the year, but noted that profits were impacted by its investment in its core banking ...

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CBA accused of money laundering breaches

Australia’s financial intelligence and regulatory agency initiated today civil penalty proceedings in the Federal Court against the Commonwealth Bank of Australia (CBA) for “serious and ...

mortgagebusiness
YBR posts positive results following strong lending growth

A significant increase in commercial lending has seen ASX-listed Yellow Brick Road post strong results for the final quarter of the 2017 financial year amid challenging market conditions.

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Lender cuts IO rates by 20 bps

A non-major lender has announced a spate of rate cuts across its owner-occupier loans.

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Lender increases IO variable rates by 30 bps

Citibank is set to introduce a series of changes to its home loan variable rates for clients making principal and interest repayments and interest-only repayments.

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Australia's capital cities – rising or declining?

Domain Group have released their Domain Metro State of the Market Report, which reveals that median house prices mostly rose over the June quarter, while median house rates mostly held and ...

mortgagebusiness
Broker heads to Hong Kong as majors shun deals

A Sydney-based broker has started securing funding from Asian investors after seeing the big four banks turn down “perfectly good” deals.

mortgagebusiness
CBA ‘has work to do’ on APRA benchmark

Australia’s largest mortgage provider could be forced to go to market and attempt to raise $3 billion to meet APRA’s new capital requirements, according to analysts.

mortgagebusiness
La Trobe Financial appoints new execs

La Trobe Financial has announced Rowan Donohue’s appointment as COO after Brian Ford announced his resignation from said post.

mortgagebusiness
Business conditions hit nine-year high: NAB

The business sector is enjoying a “multi-year high” with economic growth tipped to rise in the second half of 2017, according to NAB Group Economics.

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