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NAB closer to Great Western sale after pricing IPO

NAB is one step closer to offloading US lender Great Western Bank (GWB) after floating the bank on the New York Stock Exchange at US$18 per share.

mortgagebusiness
Analysis: Will Murray change mortgage lending?

With the Financial System Inquiry’s final report due next month, Mortgage Business considers the possible outcomes for the mortgage industry.

mortgagebusiness
Lending curbs will have ‘grinding down effect’: Tarbey

Century 21 owner Charles Tarbey believes macroprudential tools will have serious ramifications for the broader market.

mortgagebusiness
Non-majors tipped as FSI ‘winners’

Non-majors and reverse mortgages have been tipped as two ‘winners’ to come out of the Financial System Inquiry.

mortgagebusiness
Lending curbs are nothing new, says APRA

APRA has downplayed the significance of macroprudential tools by putting the current investor-lending boom in context.

mortgagebusiness
Brokerage 'not surprised' by commission failings

A national brokerage says it is "not surprised" by the findings of ASIC’s recent investigation into Australia’s life insurance and risk advice sectors.

mortgagebusiness
NAB flags 14 per cent fall in profits

National Australia Bank has warned of a 14 per cent drop in cash profits ahead of its full year result on October 30.

mortgagebusiness
BOQ refuses ‘race to the bottom’ on mortgage pricing

Bank of Queensland will not follow its competitors in a “race to the bottom” on mortgage pricing in the current low rate environment.

mortgagebusiness
UK-style lending curbs ‘better’ for Aussie market

A leading property analyst believes macroprudential tools similar to those implemented in the UK are better for Australia than New Zealand’s LVR caps.

mortgagebusiness
APRA approves lender ‘bank’ status

MyState Financial has been renamed MyState Bank after receiving permission from the Australian Prudential Regulation Authority to change its name.

mortgagebusiness
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