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Heartland to acquire Challenger Bank

The financial services group is to acquire Challenger Bank, including its $89 million retail lending and $228 million of deposits.

Heartland to acquire Challenger Bank
MyState loan book up 6.9% in Q1 to $7.3bn

Brokers have helped deliver a 6.9 per cent increase to MyState Bank’s loan book in just three months.

MyState loan book up 6.9% in Q1 to $7.3bn
Your guide to diversifying into commercial lending

Start your diversification strategy with expert advice from brokers currently taking advantage of the $347 billion business loan market.

Your guide to diversifying into commercial lending
ANZ expands executive committee

The major bank has announced changes to its executive committee to accelerate transformation and development of common business services.

ANZ expands executive committee
Resimac takes on Volt Bank customers

The non-bank lender bought Volt Bank’s residential loan book for $83 million, after the neobank folded earlier this year.

Resimac takes on Volt Bank customers
Genworth takes 22% stake in non-bank lender

Mortgage insurance company Genworth has become a strategic partner of a home equity retirement funder, following a fundraising round.

Genworth takes 22% stake in non-bank lender
Banks offer financial support for flood-affected customers

Customers are being offered financial support for flood-affected areas across NSW, Victoria and Tasmania.

Banks offer financial support for flood-affected customers
‘Record’ home loans processed at CBA

CBA chief executive Matt Comyn has welcomed the bank’s record year, which saw $157 billion in new lending to households. 

‘Record’ home loans processed at CBA
Investors cautioned against rolling IO loans

The prudential regulator has flagged that investors relying on property sales to service consecutive interest-only loans is “not good banking practice”.

Investors cautioned against rolling IO loans
Repayment concerns mounting for Australians: AMP Bank

Almost two-thirds of Australian home owners are concerned about meeting their mortgage payments amid the ongoing interest rate hikes.

Repayment concerns mounting for Australians: AMP Bank
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