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CBA posts $2.4 billion first quarter profit

Australia’s biggest bank has delivered strong earnings and improved credit quality over the three months to 30 September.

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‘Pockets of pressure’ emerging in Australian lending

An analysis of major bank profits by professional services firm EY has found that bad and doubtful debts will rise as economic challenges begin to bite.

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Lending scams on the rise, says ASIC

The corporate watchdog has warned Australians about scammers asking consumers to make upfront payments for loans that are never provided.

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Weaker housing sentiment ‘not all negative’: NAB

Housing market sentiment eased in the September quarter as expectations for future price growth are scaled back, new research has revealed.

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Suncorp grows mortgages but records fall in SME lending

Suncorp Bank has released its quarterly update on bank assets, credit quality and capital as at 30 September.

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Adelaide Bank hikes rates on investor and owner-occupied loans

A regional bank has hit investors with a bigger rate hike than its owner-occupier customers in a round of fresh pricing changes.

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Westpac reveals impact of mortgage repricing

Westpac has seen significant levels of customers switching from investor to owner-occupied loans in response to pricing and policy changes.

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NAB's investor loan growth falls sharply

NAB has recorded a significant fall in the growth of its investor home loans over July and August in response to regulatory pressure.

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Risks flagged as banks exit SMSF lending

Further exits by ADIs from the SMSF lending space could see “an influx of mezzanine lenders” that may result in higher interest rates for loans and greater risks for trustees, the SMSF ...

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ATO confirms key dates for new SMSF lending rules

Following the release of two interpretive decisions on nil interest borrowings late last year, the ATO has confirmed how it will be dealing with pre-existing arrangements moving forward.

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