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NAB cut introducer program by 90%, reveals CEO
22 October 2018
NAB

NAB CEO Andrew Thorburn has told parliamentarians that the bank dropped almost 7,000 mortgage introducers as part of an “overhaul” of its program.

Senate to launch new inquiry into lending market
19 October 2018
Parliament house

The Senate Standing Committee on Economics is set to review short-term credit providers, payday lenders, consumer lease providers, “buy now, pay later” providers and the need for potential ...

NAB pays out additional $314m
17 October 2018
NAB pays out additional $314m

National Australia Bank has announced that its cash earnings will be impacted by a total of $314 million as it refunds and compensates its customers over wealth advice issues.

ANZ accused of being ‘in bed’ with ASIC
16 October 2018
mortgagebusiness

A federal MP has accused the major bank of striking agreements with the corporate regulator to avoid admitting wrongdoing.

CBA announces CFO appointment
16 October 2018
mortgagebusiness

The major bank’s acting chief financial officer will permanently replace Rob Jesudason who resigned from the role in May.

Former CBA mobile lender charged with loan fraud conspiracy
12 October 2018
Scales of justice loan fraud conspiracy

ASIC has announced that a former Commonwealth Bank mobile lender will stand trial for loan fraud conspiracy charges.

Risks flagged over potential fall in commercial sector
12 October 2018
mortgagebusiness

Commercial property sentiment remains “solid”, but a downturn in the commercial space could pose risks to Australia’s economy, according to an ANZ economist.

The top Australian cities that Chinese buyers are flocking to
11 October 2018
The top Australian cities that Chinese buyers are flocking to

Chinese buyers are continuing to look to Australia to purchase properties, with research from a leading international property portal for Chinese buyers revealing the top cities this growing ...

Government launches Drought Finance Taskforce
11 October 2018
mortgagebusiness

The federal government has launched a taskforce designed to foster cooperation between the government and the banking sector to provide relief to drought-affected farmers.

NAB branches most efficient at selling mortgages: Morgan Stanley
10 October 2018
NAB branch

NAB branches have the “best mortgage sales productivity”, despite the bank having the “least valuable” branch distribution among the big four, Mortgage Stanley Research has revealed