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NAB's credit ratings remain unchanged

Standard & Poor’s has announced that its ratings for some of NAB’s residential mortgage-backed securities (RMBS) are unchanged following the bank’s reclassification of property data

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Lender on track to post $8 billion profit

A major Australian bank has revealed that it will likely report a statutory net profit of $8.012 billion when it announces its full-year results in November.

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New lending platform to service SMEs

An online lending platform has recently launched in the Australian market with the aim of providing cheaper financing products to small businesses instantly.

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Lending changes to continue as banks face 'delicate' job

The chairman of a national broker group believes banks will continue to adjust the pricing and policy of their mortgage products as they seek to grow their investor loan books as close to ...

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Suncorp appoints new director

Suncorp Group has announced the appointment of Sally Herman as a non-executive director to fill the vacancy created by Michael Cameron’s appointment as CEO and managing director.

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Director jailed over $13m Westpac loan fraud

The former director of a national company has been jailed after fraudulently obtaining $13 million from Westpac Bank.

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La Trobe to grow Asian footprint

Australian credit specialist La Trobe Financial is eager to grow its business in Asia following recent trade agreements signed in the region by the Australian government.

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Success of APRA lending crackdown ‘overstated’

The effectiveness of APRA’s crackdown on investor lending has been "overstated", according to CoreLogic RP Data senior research analyst Cameron Kusher. 

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ANZ grows retail footprint in Asia

ANZ has officially opened a branch in Myanmar after receiving final regulatory approval from the south-east Asian nation’s central bank.

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Efforts to curb risky lending may not work, says IMF

The International Monetary Fund believes the Australian housing market could be in for a hard landing if efforts to rein in riskier property lending are not sufficiently effective.

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