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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”.

LATEST PODCAST: Upheaval at the major banks
17 September 2018
Mortgage podcast

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

Lenders committed to CCR regardless of legislation approval
17 September 2018
mortgagebusiness

The remaining three major banks will be accompanying NAB as participants of the comprehensive credit reporting regime by the end of this month, the chair of ARCA has confirmed.

Foreign-backed lender to target ‘orphaned’ borrowers
14 September 2018
Target, borrowers, lender, foreign lenders, Brighten Home Loans

A non-bank lender supported by international banks has secured $500 million in funding as it aims to exert its presence in the Australian mortgage market by appealing to borrowers that have ...