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Westpac announces further rate hikes
10 October 2018
mortgagebusiness

The major bank has lifted mortgage rates on its defence services home loan products, off the back of its 14 basis point hike in September.

Approvals could fall by 20% next year: ANZ Research
8 October 2018
mortgagebusiness

The recent fall in dwelling approvals has been “even worse” than anticipated, with the downturn set to deepen by as much as 15 to 20 per cent, according to a senior economist at ANZ.

Treasurer slams Labor’s royal commission ‘roundtable’
4 October 2018
Treasurer slams Labor’s royal commission ‘roundtable’

Federal Treasurer Josh Frydenberg has upbraided the Labor Party’s suggestion that it would “give a voice to the victims” of the financial services royal commission by holding a series of ...

Royal commission releases interim report
28 September 2018
Scale of Justice, Royal Commission

The interim report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has been released, including a plethora of policy-related ...

Treasurer, majors respond to ASIC concerns
27 September 2018
Treasurer, majors respond to ASIC concerns

Treasurer Josh Frydenberg and three of the big four banks have issued a response to a report from the corporate regulator in which it slammed the “inadequate” compliance systems of financial ...

AMP to remove SMSF loan product from sale
26 September 2018
AMP to remove SMSF loan product from sale

The wealth giant has announced that it will remove its self-managed super fund loan product, SuperEdge, from sale next month, as lenders become increasingly wary of this type of lending.

Lender confirms $630m takeover bid
24 September 2018
handshake, appointment, takeover, deal, partnership

An ASX-listed lender has confirmed that it has entered into an agreement with a takeover aspirant seeking to acquire 100 per cent of its shares for an estimated $630 million.

Lender halts trading ahead of ‘possible’ takeover
21 September 2018
ASX, lender, trading, takeover bid

An ASX-listed financier has halted trading pending a “material announcement”, which is expected to relate to a takeover bid.

CBA withdraws from SMSF lending
18 September 2018
CBA, Commonwealth Bank of Australia, SMSF lending, SuperGear lending product

The Commonwealth Bank of Australia has become the latest major bank to withdraw from self-managed super fund lending, announcing that it will pull its SuperGear lending product from next ...

Credit union’s profits driven by 6.9% growth in residential lending
18 September 2018
mortgagebusiness

A customer-owned lender has reported a net profit after tax of $32.2 million, off the back of its “success in residential lending”.