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ASIC sues NAB over unlicensed introducers
23 August 2019
ASIC sues NAB over unlicensed introducers

The Australian Securities and Investments Commission has commenced a court case against NAB over allegations that 16 bankers accepted loan information and documentation from 25 unlicensed ...

Citi’s mortgage rates plunge by up to 160 bps
23 August 2019
Citibank

The non-major has reduced variable and fixed rates across its owner-occupied and investment home loan products.

Cashflow Finance reports 226% growth in equipment finance
23 August 2019
Cashflow Finance reports 226% growth in equipment finance

Strong broker uptake of CML Group’s equipment finance offering has helped the lender build revenue from this stream by 538 per cent in the last finance year, its results showed.

Westpac subsidiaries drop fixed rates by up to 140 bps
22 August 2019
Percentage

The Bank of Melbourne, BankSA and St.George Bank have slashed fixed rates across their owner-occupied and investment home loan offerings.

ANZ questioned over mortgage processing lags
21 August 2019
ANZ

Slow adaptation to new technology has been named among the causes of an increase in ANZ’s processing times for home loan applications.

Westpac reports spike in mortgage delinquencies
21 August 2019
Westpac

The major bank has released a quarterly ASX update, reporting a rise in arrears across its home loan portfolio.

More than $201bn lost due to finance misconduct
20 August 2019
mortgagebusiness

More than half of the population (54 per cent) have been negatively affected by misconduct among finance service providers, according to a new study, which has estimated the total loss ...

Lender takeover put on the backburner
19 August 2019
Josh Frydenberg

Treasurer Josh Frydenberg has withheld his approval for the acquisition of a Queensland-based lender, requesting further details before rubberstamping the takeover.

NAB earnings up despite ‘subdued’ mortgage growth
15 August 2019
NAB

The major bank has released a financial update for the third quarter of 2019, reporting a modest spike in its cash earnings despite a contraction in its mortgage portfolio.

Fintech lender appoints CTO
15 August 2019
mortgagebusiness

Xinja Bank has appointed a new chief technology officer to help spearhead its technological offering that it says will help deliver “hyper-personalised services for customers”.