Lender

The CBA subsidiary will close 45 branches in Western Australia and rely more heavily on the broker channel as it has announced its move to become a digital bank.

The competition watchdog “does not propose to seek review” of the competition tribunal’s decision to grant authorisation for ANZ to acquire Suncorp.

Turnaround times have reached new record speeds at the biggest banks, while small ADI and non-bank turnarounds have also reduced, according to new research.

APRA has confirmed it has removed restrictions to an RADI, allowing it to operate as a fully fledged bank.

Home loan originations decreased at the non-bank lender in 2023 due to “intense” competition.

Australia’s largest inaugural RMBS issuance has been priced at $1 billion by a non-bank lender, doubling the previous largest transaction.

The major bank’s direct-to-consumer mortgage brand is now offering a 0.33 per cent commission to referrers who introduce customers who settle a mortgage.

Former New Zealand prime minister Sir John Key will be retiring from his position as chair of the ANZ New Zealand board next month.

The 15th annual Third-Party Lending Survey has launched, with mortgage and finance brokers being called up to review the performance of lenders this past year.

The non-major bank has surpassed $14 billion in financial assets while reporting a decrease in residential loans due to a rise in discharges.