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APRA urged to ‘intensify’ investor lending crackdown

The International Monetary Fund believes the Australian banking regulator should prepare to ramp up measures to rein in investor lending.

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Asian investors fund local lender in bullish developer play

A private consortium of Asian investors has provided $100 million in funding to a local lender in an effort to secure Australian real estate.

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Non-majors introduce Apple Pay

Two non-major banks have announced that their customers will now be able to make purchases on their Apple devices, after introducing Apple Pay.

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‘We’re putting things right’, says CBA

Commonwealth Bank chairman David Turner has moved to reassure shareholders that the bank is “putting things right” with clients who have been provided inappropriate financial advice.

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Lender appoints new CEO - 2016

Specialist finance lender Liberty Financial has announced that its former chief operating officer has been appointed to the role of chief executive officer.

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SME lender flags ‘negative shift’ in borrowings

An ASX-listed business lender has told shareholders that the group has experienced “lower than expected” levels of borrowing among some of its major clients.

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Mining towns and lending curbs weigh on mortgage insurance

One of Australia’s biggest LMI players continues to see new business fall as a direct result of lower LVR mortgages and challenging property markets in Queensland and Western Australia.

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CBA posts $2.4bn profit in first quarter

CBA's $2.4 billion cash profit for the first quarter comes after the bank announced a $9.2 billion profit for the 2015-16 full year.

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CCR offering lenders more holistic view of customers

Recent research has shown that consumers’ more complete credit profiles are helping lenders better manage risk, following Australia’s shift to comprehensive credit reporting.

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Porges resigns from marketplace lender

Former Aussie Home Loans boss Stephen Porges has tendered his resignation as a director of DirectMoney.

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