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CBA grilled over interest rate charges
25 May 2018
CBA

The major bank has been scrutinised by the financial services royal commission over its response to a technical error that more than doubled the amount of interest charged to customers.

Lending curbs to see average Sydney deposit hit $369,542
25 May 2018
mortgagebusiness

APRA’s latest effort to control the mortgage market will force the average Sydneysider to fork out a $369,542 deposit for a median-priced house in their hometown.

P2P lender extends green loans program
23 May 2018
Money, dollar sign

A “strong launch period” has prompted a peer-to-peer lender to extend its green loans program by 18 months.

‘No idea’: Westpac loan process destroyed by RC
22 May 2018
Westpac

The major bank’s approval of a $160,000 business loan guaranteed by an elderly blind woman has been grilled by the royal commission.

CBA ‘clawback’ conspiracy theories quashed
22 May 2018
mortgagebusiness

The royal commission has addressed CBA’s takeover of Bankwest during the GFC, including the many “ulterior motive theories” that have plagued the deal since 2008.

Westpac creates new role to oversee customer relations
18 May 2018
mortgagebusiness

The major bank has named its appointment for the newly created role of group executive for customer and corporate relations.

Macquarie announces major restructure
17 May 2018
mortgagebusiness

Macquarie Group will merge two of its major businesses in a growth strategy designed to target high-net-worth clients.

Finance professionals to miss out on big pay rise
16 May 2018
mortgagebusiness

Two-thirds of financial services employers will give their staff a pay rise of less than 3 per cent in their next review and 10 per cent will not increase salaries at all, according to the ...

ASIC commences ethics compliance consultation
16 May 2018
mortgagebusiness

The corporate regulator has issued a consultation paper on its proposed approach to approving and overseeing compliance schemes for financial advisers.

CBA CFO resigns with immediate effect
14 May 2018
mortgagebusiness

The major bank has announced that its chief financial officer has stepped down, as the “renewal” of its executive team continues.