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Westpac Group to close more than 20 branches

The banking group has confirmed it will be closing branches under the Westpac, Bank of Melbourne or St.George brands in more than 20 locations.

Westpac Group to close more than 20 branches
Citi licence revoked following NAB merger

The prudential regulator has revoked Citigroup Pty Limited’s banking licence following the completion of its sale to NAB.

Citi licence revoked following NAB merger
Bendigo and Adelaide names 1st business, agribusiness fusion head

Less than five months after its business and agribusiness divisions were joined, the banking group has appointed the conglomerate’s first leader.

Adam Rowse
Volt Bank to exit banking industry

Neo-lender Volt Bank is handing back customer deposits and will exit the banking industry, it has been revealed.

Volt Bank to exit banking industry
Suncorp confirms ‘review’ of banking operations

The group has confirmed that it is currently reviewing “strategic alternatives” for its banking operations, following media reports that it is considering a sale.

Suncorp confirms ‘review’ of banking operations
AMP enlists former JP Morgan director to board

AMP Limited has confirmed that Andrew Best has been appointed to its board, with his tenure commencing from next month.

Andrew Best
New resi lender appoints lending specialist

Non-bank lender Wave Money has welcomed David Jeffery to the role as senior lending specialist.

David Jeffery
COBA includes vulnerability obligations to its code

Customer-owned banking institutions will need to apply more stringent measures to ensure vulnerable customers are identified and supported. 

COBA includes vulnerability obligations to its code
Spotlight: What open banking means for the mortgage industry

Open banking and the consumer data right have been in effect in Australia for years, but only starting to feed through into mortgages now. We find out how the new regime will impact ...

Spotlight: What open banking means for the mortgage industry
Brokers writing majority of bank mortgages

Nearly 58 per cent of loans funded by banks are originated by the third-party channel, according to APRA statistics.

Brokers writing majority of bank mortgages
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