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SME finance comparison site secures $1m investment
20 June 2019
SME finance comparison site secures $1m investment

Small business loan marketplace ebroker has received a $1 million investment from Tor Capital, whose head has now become the platform’s chief operating officer.

ASIC commissioner clarifies litigation strategy
20 June 2019
John Price

The financial services regulator's ‘why not litigate’ strategy, as recommended in the final royal commission report, has been misconstrued as ‘litigate first’, an ASIC commissioner has siad

Facebook to enter finance space
19 June 2019
Facebook

The social media giant has announced plans to expand into the finance arena by launching a new global blockchain-powered currency.

RBA lauds ‘effective’ tightening of lending standards
19 June 2019
Jonathan Kearns

The Reserve Bank has pointed to new research suggesting that tighter lending standards have improved financial stability in the mortgage market.

ANZ New Zealand names new acting CEO
18 June 2019
Antonia Watson

A new acting CEO of ANZ New Zealand has been appointed to replace David Hisco, who has been embroiled in allegations of mischaracterising personal expenses.

CBA offloads advice business
14 June 2019
CBA

The Commonwealth Bank has announced the sale of its financial advisory business for $2.5 million. 

APRA revises proposed regulatory changes for mortgage lending
13 June 2019
APRA

The prudential regulator has insisted that it has considered competition risks in the mortgage market when formulating proposed changes to the capital framework in the banking sector. 

Westpac revamps FHB offering
13 June 2019
Westpac

The major bank has “simplified” its mortgage offering for first home buyers, introducing new owner-occupied products and withdrawing some of its fixed rate investment loans.

Owner-occupiers fuelling lending bounce
11 June 2019
Suburbs

The ABS has reported an increase in housing finance commitments off the back of an “upside surprise” in the value of owner-occupied lending.  

Last week to comment on APRA’s serviceability proposals
11 June 2019
APRA

It is the final week to provide feedback on APRA’s proposal to amend its guidance on serviceability assessments.