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First movers begin passing on RBA rate rise

The RBA’s November cash-rate increase to 2.85 per cent is flowing through to more Australian bank interest rates this month.

First movers begin passing on RBA rate rise
Shareholders approve bank merger

The merger of two mutual lenders now only requires APRA approval to go ahead, after members gave the deal the green light.

Shareholders approve bank merger
BNK portfolio reaches $2.8bn

Digital bank BNK has reported first quarter 2023 growth across key metrics, with its total portfolio now around $2.8 billion.

BNK loan book reaches $2.8bn
Community First to rebrand following successful trademark dispute

Community First Credit Union has announced that it will be rebranding as Community First Bank after a successful trademark dispute in 2021.

Community First to rebrand following successful trademark dispute
ANZ loan approval times ‘back in line with peers’

ANZ’s “strong” financial year 2022 results have highlighted “restored momentum” in its Australian home loans.

ANZ loan approval times ‘back in line with peers’
Westpac and Aus Post extend partnership

Westpac Group has announced an extension of its partnership with Australia Post to continue offering over-the-counter banking services.

Westpac and Aus Post extend partnership
ANZ to pay $25m for ‘misleading customers’ over 20 years

The Federal Court has ordered the big four bank to pay a $25 million penalty for failing to provide certain benefits to customers with offset transaction accounts or its Breakfree package.

ANZ to pay $25m for ‘misleading customers’ over 20 years
NAB offers $1k grant to flood-impacted customers

The major bank has opened grant applications for customers affected by the recent extreme weather conditions in officially declared disaster areas.

NAB offers $1k grant to flood-impacted customers
New report flags the good, bad and ugly of wholesale markets

ASIC is calling on the major banks, Macquarie and JP Morgan, to benchmark themselves against a new report regarding conflicts of interest in wholesale markets.

New report flags the good, bad and ugly of wholesale markets
AMP loan book exceeds $23bn

Continued strength in AMP’s deposit-to-loan ratio has driven its Q322 loan book growth, the bank has confirmed.

AMP loan book exceeds $23bn
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