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NAB pledges to keep rural branches open until 2021
21 March 2019
NAB

The major bank has announced its commitment to keeping its regional and rural branches open, at least in the medium term. 

Westpac sells ‘loss-making’ financial advice business
20 March 2019
Westpac

The major bank has announced a raft of changes to its wealth strategy, including the sale of its “high-cost, loss-making” personal financial advice business to Viridian Advisory.

Bank rebrand greenlighted ahead of new market launch
19 March 2019
Greenlight

ASIC has approved the brand change of a Western Australian-based lender, which according to the bank will help facilitate the national launch of its new digital platform.

ING announces new lending restrictions
18 March 2019
ING Building

The non-major lender has announced that it will no longer accept residential property as security for residential loan applications being used for business purposes. 

LK Group acquires InfoChoice from iSelect
18 March 2019
Handshake business deal

LK Group has been confirmed as the buyer of financial services comparison site InfoChoice.

ANZ loosens investor IO lending policy
15 March 2019
ANZ

The major bank has announced changes to its credit policy criteria for investor home loans with interest-only terms, less than a month after conceding that its tightening measures were ...

New AI lending platform could boost approvals six-fold
14 March 2019
High rise building

A commercial lender has announced the launch of its AI-powered platform for borrowers and brokers that could boost approvals six-fold if it lives up to its promise in the post-launch period

New NAB boss determined to spearhead industry reform
13 March 2019
Philip Chronican

The major bank’s interim CEO and chairman-elect Philip Chronican has outlined NAB’s reform agenda, with board “renewal” at the top of NAB’s priority list. 

Responsible lending reform top of mind for CBA CEO
12 March 2019
Matt Comyn

Commonwealth Bank CEO Matt Comyn has revealed that the banking royal commission’s findings concerning responsible lending arrangements were chief among his concerns.

Westpac ‘surprised’ by Hayne’s small business definition
12 March 2019
Brian Hartzer

Westpac’s CEO has outlined the issues with the royal commission’s proposed definition of what constitutes a small business under the 2019 banking code during a parliamentary hearing.