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Lender announces mortgage rate hikes

A bank has announced interest rate hikes of up to 18 basis points on its home loan offerings. 

HSBC appoints new head of retail banking

The non-major lender has announced that a former Westpac state manager has been appointed as HSBC Australia’s new head of ...

APRA scraps interest-only cap

The prudential regulator has announced that it will be removing its 30 per cent speed limit on interest-only lending from 1 ...

Major bank group executive to step down

The group executive of a big four bank’s Australian division has resigned from his role.  

Mortgage pricing too opaque and discounting too time consuming: ACCC

Pricing for mortgages is “opaque” and the cost and effort needed to search for discounts is “unnecessarily high”, the ACCC’s ...

New ASIC deputy chair appointed

The government has appointed a new deputy chair to the Australian Securities and Investments Commission (ASIC) following the ...

Bank CEO and MD resigns

The chief executive officer and managing director of a non-major bank has resigned from his role to focus on his long-term ...

RBA announces pre-Christmas cash rate

The Reserve Bank announced its cash rate decision for the month of December this afternoon, set against a backdrop of a ...

Shareholders agree to lender acquisition

The result of a shareholder vote to determine the outcome of a $630 million takeover bid for a lender has been announced.

Government announces $51.5m war chest to combat misconduct

The federal government has announced that it will be providing an additional $51.5 million to the public prosecutor to battle ...

Federal Court rejects Westpac $35m penalty

The Federal Court has dismissed ASIC and Westpac’s agreement for the major bank to pay a $35 million penalty for supposed ...

Major banks back HEM despite RC concerns

Three of the big four banks have expressed support for the Household Expenditure Measure, in response to concerns raised by ...

Digital brokerage names new CEO

An online mortgage broking firm has appointed Anthony Justice as its new chief executive.

Treasurer slams Labor’s royal commission ‘roundtable’

Federal Treasurer Josh Frydenberg has upbraided the Labor Party’s suggestion that it would “give a voice to the victims” of ...

Royal commission releases interim report

The interim report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry ...

Government looks to double jail time for misconduct

The federal government is consulting on new, harsher penalties for corporate and financial sector misconduct, ...

AMP to remove SMSF loan product from sale

The wealth giant has announced that it will remove its self-managed super fund loan product, SuperEdge, from sale next month, ...

Lender confirms $630m takeover bid

An ASX-listed lender has confirmed that it has entered into an agreement with a takeover aspirant seeking to acquire 100 per ...

ASIC deputy chair resigns

The federal government has announced the resignation of the corporate regulator’s deputy chair, Peter Kell, following seven ...

CBA withdraws from SMSF lending

The Commonwealth Bank of Australia has become the latest major bank to withdraw from self-managed super fund lending, ...

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