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Westpac completes sale of life insurance business

The major bank has confirmed that it has concluded its sale of Westpac Life Insurance Services to TAL Dai-ichi Life Australia.

Westpac completes sale of life insurance business
Funding cost pressures should ease by 2023: Pepper

Rising cost of funds are impacting both banks and non-banks at the moment, but should ease from next year, the non-bank lender’s treasurer has noted.

Funding cost pressures should ease by 2023: Pepper
Overseas banks continue Australian expansion

The Australian presence of foreign banks grew over 2021, according to a new MinterEllison report.

Overseas banks continue Australian expansion
Macquarie Bank loan book rises 8% in 1Q23

The bank’s mortgage portfolio continues to grow, after having risen 8 per cent in the June quarter to $9.9 billion.

Macquarie Bank loan book rises 8% in 1Q23
Westpac to launch digital mortgage this year

Customers refinancing to Westpac’s Flexi First Option basic home loan will be the first to access the bank’s new digital mortgage, set to roll out in the final quarter of this year.

Westpac to launch digital mortgage this year
Oak Capital welcomes new board member and adviser

The CEO of Strata Choice and a former managing director at Credit Suisse, has joined the non-bank lender as non-executive director.

Oak Capital welcomes new board member and adviser
Volt returns money to customers

Volt Bank has handed back more than 5,000 customer deposits following its exit of the banking industry.

Volt returns money to customers
Pepper prices latest securitisation at $500m

The non-bank lender has priced its fifth residential mortgage-backed security transaction for the year, bringing 2022’s total sum to $3 billion.

Pepper prices latest securitisation at $500m
HSBC Australia hires from within for new CEO

The Australian arm of the bank has revealed Antony Shaw will be its next chief executive, stepping into the role from September.

HSBC Australia hires from within for new CEO
Josh Frydenberg accepts adviser role with Goldman Sachs

The former Treasurer has pivoted away from politics following his electoral defeat, being named to a senior position with the global finance institution.

Josh Frydenberg accepts adviser role with Goldman Sachs
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