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Listed lender posts 171% surge in revenue

An ASX-listed, online marketplace lender has more than doubled its revenue since last year after significant investment in the enhancement of its end-to-end technology platform.

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ANZ extends Apple Pay and Android Pay to another half a million cardholders

ANZ, which was the first major bank to make Apple Pay and Android Pay available to its five million customers in Australia, has now extended the offer to its MasterCard holders.

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Major lender sounds warning on housing market

Fewer foreign buyers and slower population growth will cause Australian house prices to cool as oversupply sets in – but a housing 'crash' is unlikely, according to a big four bank.

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10-year ban for former lending director

The corporate watchdog has today announced that the former director of an Australian lender has been banned from credit activities for 10 years.

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CBA pays out $7.6m in compensation

The Commonwealth Bank of Australia (CBA) has paid out $7.6 million in compensation to people who were given poor financial advice between 1 September 2003 and 1 July 2012, the bank has ...

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Porges steps down as chairman of marketplace lender

The board of an ASX-listed lender has announced the election of John Nantes to the position of executive chairman.

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CBA is ‘stifling competition’, says Acorns

Mobile investment platform Acorns has accused the Commonwealth Bank of Australia (CBA) of “stifling competition” by advising its customers to refrain from sharing login details with third ...

CBA is ‘stifling competition’, says Acorns
Non-bank posts record year of lending

Non-bank finance group Chifley Securities has announced that it achieved record levels of lending for the 2015-2016 financial year, lending more than $600 million to a range of investors, ...

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Lender sees billion-dollar settlement spike ahead of merger

A listed lender has seen significant growth in its branded loan settlements over the year to 30 June as it prepares to merge with a non-bank.

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RBA ‘retains strong easing bias’, says ANZ

The Reserve Bank’s cash rate is likely to remain unchanged at 1.5 per cent, however ANZ sees a “clear risk of further easing”, primarily due to the low inflation outlook.

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