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Closing a branch ‘not done lightly’, NAB tells Senators

Regional bank services have come under even closer scrutiny, as ADIs justify continued branch closures to a senate committee.

Lendi denies major lay-offs amid $2.5m loss

EXCLUSIVE Lendi Group chief executive David Hyman has cooled fears of significant redundancies at Aussie Home Loans amid reports that up to 100 staff have been let go.

4 Australian mutuals become 2

In two separate mergers, Greater Bank and Newcastle Permanent have officially merged, as have Heritage Bank and People’s Choice.

Reverse mortgages up 20% in 1H23: Heartland

The financial services group has released its 1H23 results, revealing a 19.9 per cent increase in its reverse mortgages receivables.

Banks report growth in mortgage book amid slowing demand

Mortgage lending continued to lift in January across owner-occupied and investor lending, APRA data revealed.

BNK total lending portfolio up 10%

The digital bank has released its 1H23 results, reporting that its total lending portfolio has hit $2.8 billion.

Resimac settlements drop 32%

The non-bank lender’s home loan settlements dropped 32 per cent in the half year ended December 2022, as prime borrowers flock to banks.

Mortgagors taking ‘positive steps’ to improve financial situations: AMP

New research released by AMP Bank has indicated that mortgagors are taking measures to cushion the blow of rising interest rates.

Westpac forecasts terminal cash rate at 4.1%

The major bank announced it has lifted its RBA cash rate forecast from 3.85 per cent to 4.1 per cent.

MyState loan book grew 11% in 1H23

A record $1.6 billion of home loans were settled by the non-major bank in the first half of the 2023 financial year, as it expanded its presence in the eastern seaboard.

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