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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

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.