Powered by MOMENTUM MEDIA
Broker Daily logo

Lender

Rate cuts not the solution: Westpac CEO
7 May 2019
Westpac

Interest rates are “not the problem”, Westpac CEO Brian Hartzer has said, calling for a holistic regulatory approach to subdued market conditions, amid a 24 per cent slide in the group’s ...

‘Entirely digital mortgage process’ launched in NSW
7 May 2019
Fintech Network

A new platform offering an “entirely digital mortgage process” can now be used by home buyers in NSW.

LATEST PODCAST: Major bank profits take a hit
6 May 2019
Mortgage Business Uncut, podcast

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

Macquarie bucks trend with 18% mortgage growth
6 May 2019
Macquarie building

The non-major lender has outshined its competitors, reporting stronger growth over the past 12 months than in the previous corresponding period.

NAB profits up despite $525m remediation hit
3 May 2019
Phillip Chronican

The big four bank has slashed its dividend to shield its bottom line from further customer-related remediation charges associated with the banking royal commission.  

Contraction in mortgage market a ‘conscious decision’: ANZ CEO
2 May 2019
ANZ CEO Shayne Elliot

The major bank has reported a $10 billion drop in home loan volumes over the past six months, which CEO Shayne Elliott said was driven by both “conscious” decisions and “clumsy” mistakes

APRA looks to broaden non-bank lending data collection
2 May 2019
Australian Prudential Regulation Authority (APRA)

The prudential regulator has released a letter addressed to non-bank lenders proposing changes to the data collection regime.

Lender takeover approved by members
1 May 2019
Lender takeover approved by members

An overwhelming majority of bank members have voted in support of a non-bank’s proposal to acquire another lender.

ANZ suffers $1.9bn quarterly hit to mortgage book
1 May 2019
ANZ

The major bank’s home loan portfolio has contracted for three consecutive months, with a cumulative fall of $1.9 billion, new APRA data has revealed.

Mutual lender CEO to step down
1 May 2019
Mutual lender CEO to step down

The chief executive officer of Australia’s largest credit union is to step down from his role this year, after electing not to extend his five-year contract.