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Mutual banks without scale will be ‘unsustainable’: Bank CEO

The CEO of a customer-owned lender has warned that mutual banks that do not have scale and financial strength will be ‘unsustainable’ in future.

Mutual banks without scale will be ‘unsustainable’: Bank CEO
ANZ, Westpac flag branch closures

Two more major banks have signalled both permanent and partial closures in their branch networks.

ANZ, Westpac flag branch closures
Owner-occupied lending surges by $13bn: APRA

There has been sustained robust growth in home lending driven by strong owner-occupied lending and faster growth in investor housing, according to data.

Owner-occupied lending surges by $13bn: APRA
NAB to launch $2.5m buyback

The big four bank has signalled that it will buy back up to $2.5 million of its shares, deciding to shed surplus capital despite the ongoing COVID situation.

NAB to launch $2.5m buyback
Non-bank lender issues $1.5bn RMBS

A prime residential lender has announced the pricing of one of its largest prime residential mortgage-backed securities to date.

Non-bank lender issues $1.5bn RMBS
CBA to partially close a tenth of its branches

The Commonwealth Bank has indicated that it will cut opening hours across 90 regional branches, with impacted staff to spend the rest of their working day giving remote customer support.

CBA to partially close tenth of branches
Revolut names Aus lending head

Revolut has recruited from 86 400 and Citi for two senior additions to its local team, including a new head of lending.

Revolut names Aus lending head
APRA’s lending macro policy worked: RBA

The RBA has stated that APRA succeeded in curtailing a drop in home lending standards by implementing macro-prudential policies between 2014 and 2018.

APRA’s lending macro policy worked: RBA
CBA writes 'sustainable' loan for agri business

The major bank has agreed to provide a sustainability-linked loan to a Queensland beef producer in a “first” for the agriculture industry.

CBA writes sustainable loan for agri business
Westpac makes board appointment

The major bank has appointed a former Suncorp Group board member to its board, effective September 2021.

Westpac makes board appointment
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