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Moody’s questions effectiveness of PC recommendations
15 August 2018
mortgagebusiness

The Productivity Commission’s recommendations are unlikely to effect “drastic change” in the banking sector, and would have a “limited” impact on competition, according to Moody’s

Macquarie acquires stake in Investa Office Fund
14 August 2018
mortgagebusiness

Macquarie Group has secured a stake in Investa Office Fund (IOF) months after Blackstone submitted a $3.1 billion takeover proposal.

Board members announced for new housing finance body
14 August 2018
mortgagebusiness

Four new board members of the inaugural National Housing Finance and Investment Corporation (NHFIC) have been announced by the Australian government.

LATEST PODCAST: Cash rate to remain unchanged, corporate cops for the banks and a new type of credit card
13 August 2018
LATEST PODCAST: Cash rate to remain unchanged, corporate cops for the banks and a new type of credit card

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

Blockchain P2P lender secures $1.35m to fund growth
13 August 2018
mortgagebusiness

A new blockchain-based peer-to-peer lender has announced buy-in from a venture capital firm as it continues on its path to improve credit availability on a global scale.

CBA chosen to arrange ‘world-first’ blockchain bond
13 August 2018
mortgagebusiness

Commonwealth Bank has been selected as the sole arranger of what’s been described as the world’s first bond “to be created, allocated and managed using blockchain technology”.

Suncorp offloads life business for $725m
10 August 2018
Suncorp, life business, TAL Dai-ichi Life Australia

Suncorp has signed a non-binding heads of agreement with TAL Dai-ichi Life Australia to sell its life insurance business for $725 million.

CBA results proof of emerging ‘earnings pressure’: Fitch
10 August 2018
CBA, Commonwealth Bank of Australia, Fitch Ratings

A major bank’s full-year results signal the emergence of increased earnings pressure in the Australian banking sector, according to Fitch Ratings.

CBA confident of lending rebound following $4bn drop
9 August 2018
CBA, Commonwealth Bank of Australia

Commonwealth Bank CEO Matt Comyn has said that he is expecting home lending to grow this financial year, despite the bank reporting a $4 billion drop in the volume of new loans settled.

SME lender looks to expansion following funding round
8 August 2018
mortgagebusiness

Debtor finance and cash flow management fintech Skippr has secured a further $16 million to grow its finance book and help drive expansion.