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LATEST PODCAST: Preparing for the budget and new banking stats
1 April 2019
mortgagebusiness

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

CBA trumps competitors with $1bn mortgage growth
1 April 2019
CBA

The Commonwealth Bank’s home loan portfolio growth has more than doubled that of its nearest competitor, with ANZ the only major bank to report a reduction, according to the latest APRA data

Finance sector suffers second quarterly decline in hiring intentions
1 April 2019
Interview

The finance, insurance and retail sector has suffered a second quarterly decline in hiring intentions, a new survey has found.

ANZ remediation costs have ‘more than doubled’
28 March 2019
ANZ

The major bank has revealed that it has paid over $200 million in remediation to customers over the past few years, eclipsing the remediation costs insured prior to public scrutiny.   

NAB questioned on ‘catastrophic’ fraud oversight
28 March 2019
NAB questioned on ‘catastrophic’ fraud oversight

The CEO of NAB was grilled about how a $40 million fraud case went undetected for years until a bank staff member blew the whistle.

Long-term Macquarie executive to step down
28 March 2019
Long-term Macquarie executive to step down

Macquarie has announced that its head of commodities and global markets and long-term executive committee member will step down from his role and from the committee at the end of this week

APRA clamping down on P2P lending models
27 March 2019
APRA

The prudential regulator has warned that it would take action if ADIs aren’t more diligent in identifying and mitigating risks before entering into funding arrangements with peer-to-peer ...

AMP board member and committee chair to retire
27 March 2019
Geoff Roberts AMP

The wealth firm has announced the impending retirement of a board member at its next annual general meeting.

NAB tightens up on SMSF loans, scraps referrer payments
26 March 2019
NAB tightens up on SMSF loans, scraps referrer payments

A big four bank has announced that it will cease accepting new SMSF commercial applications unless customers meet new criteria and that it will be scrapping payments to introducers later ...

Mortgage lender pulls out of market
25 March 2019
Mortgage lender pulls out of market

Just a year after launching, a mortgage lender specialising in non-resident mortgages is being wound down and will not proceed with any loan applications lodged after 18 March.