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Major bank launches ‘world-first’ green deposit
27 November 2018
mortgagebusiness

A big four bank has announced that it has launched a “world-first”, certified investment product designed for investors seeking investments that address climate change.

LATEST PODCAST: Broker remuneration and major banks
26 November 2018
LATEST PODCAST: Broker remuneration and major banks

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

Outdated mortgage products contributing to hardship
26 November 2018
mortgagebusiness

Financial products, such as home loans, have not been keeping pace with evolving customer needs, according to a report that examined financial hardship applications.

Queensland launches battery grant and loan scheme
26 November 2018
mortgagebusiness

The state government of Queensland announced that it would be offering grants and interest-free loans to encourage the transition to green energy.

Westpac disagreed with ASIC over responsible lending
22 November 2018
Westpac disagreed with ASIC over responsible lending

The major bank has revealed that it had a difference of opinion over responsible lending obligations relating to credit card limit increases.

RBA issues warning over fear-provoking lending penalties
22 November 2018
mortgagebusiness

The Australian economy will “suffer” if banks don’t take risks and restrict their lending appetite in fear of potential consequences, RBA governor Philip Lowe has said.

Open letter to CBA CEO Matt Comyn, addressing RC comments
21 November 2018
Open letter to CBA CEO Matt Comyn, addressing RC comments

The director of mortgages at Momentum Media has written an open letter to the CEO of the Commonwealth Bank of Australia, following his comments regarding broker commissions during the royal ...

Variable remuneration doesn’t improve productivity, study finds
21 November 2018
Team meeting

A new study has found that performance-based remuneration, contrary to the claims of bank executives, does not significantly improve productivity but decreases compliance.

Former CBA CEO told Comyn to ‘temper sense of justice’
21 November 2018
mortgagebusiness

Former Commonwealth Bank CEO Ian Narev denied his successor Matt Comyn’s recommendation to pull the sale of an “unsuitable” product that ultimately required remedial action ...

Reactive approach led to recurring misconduct: CBA
20 November 2018
CBA

It is “a culture of not learning from the past” that has led to recurrences of misconduct at Commonwealth Bank, its CEO told the Hayne royal commission.