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AIA and Zurich have emerged as the final bidders for CBA’s life insurance assets, while Metlife and Zurich are in the frame for ANZ’s wealth management business.

OPINION: By taking the lead in open banking data, Macquarie is in an enviable position to win a sizeable share of the lucrative retail banking market.

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

The major bank has pledged to provide 100,000 loans annually to low-income Australians as part of its ambition to improve the financial wellbeing of its customers and communities.

APRA has said that the recent damage to CBA’s reputation is “unhealthy for the bank, it’s unhealthy for the banking system and it’s unhealthy for the country”.

Morningstar analysts have tipped strong performance for Macquarie off the back of “annuity-style businesses” in funds management, banking and asset finance.

In a bid to address the issues that affect older Australians, the Australian Securities and Investments Commission will impose greater scrutiny on reverse mortgages.

The bank has reduced the interest rate on some of its fixed rate loans due to “recent reductions to fixed rate funding costs”.

The major Australian bank has announced a suite of changes to its fixed residential investment loans, with some rates growing by 31 basis points.

 The Australian Prudential Regulation Authority has detailed the terms of reference for its inquiry into CBA and announced the appointment of three panel members.