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Westpac completes $91m sale of overseas operations

Westpac Group has announced it has sold its banking operations in the Cook Islands, Samoa and Tonga to the Bank of South Pacific (BSP).

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APRA urges majors to strengthen capital

Australia’s major banks are “well-capitalised”, but more needs to be done to position themselves among the world’s top banks, according to APRA.

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CBA lifts limits on up-front vals

The nation’s largest lender has changed its thresholds for attaining up-front valuations in an effort to streamline home lending for brokers.

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Suncorp picks up international award

Suncorp Bank has been awarded a prestigious title as part of the global Euromoney Awards for Excellence.

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House prices forecast to fall in seven capital cities

Investors who are speculating on big capital gains in Sydney and Melbourne look set to be cruelly disappointed – but Brisbane is a safe bet.

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NAB plans UK subsidiary sale

National Australia Bank has announced it is investigating a demerger and initial public offering of Clydesdale Bank.

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Investment lending slows as non-majors gain market share

Non-major lenders are making further headway as they compete for a greater share of the mortgage market, while investment lending slows, according to new figures from AFG.

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Suncorp’s loan book repositioning reflected in new ratings

Moody’s Investor Service has forecast improved profitability for Suncorp Bank after it raised the bank’s baseline credit assessment and affirmed its ratings.

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ANZ extends presence overseas

ANZ has announced a milestone in its regional strategy with the approval of a full banking licence by Thailand’s finance ministry.

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ThinCats reveals new commission structure

ThinCats Australia has unveiled a new commission structure for brokers just days after revealing it is considering listing on the ASX as a growth strategy.

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