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‘Systemic’ SMSF lending risks quashed by regulators
25 March 2019
‘Systemic’ SMSF lending risks quashed by regulators

The federal government will not make any changes to limited recourse borrowing arrangements held by SMSFs, after Australia’s leading regulators found that they are “unlikely to pose systemic ...

Suncorp cuts mortgage rates by up to 70bps
22 March 2019
Suncorp

The non-major lender has reduced interest rates across its owner-occupied and investment fixed rate home loan offerings.

Buying a house ‘less attainable’ than starting a business
21 March 2019
Young adults

Buying a house is viewed as less feasible than starting a business by Millennials, who still aspire to own a home, a new study has found.

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