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RBA ends cash rate inertia

The central bank has announced a change to the official cash rate for the first time since August 2016. 

Lender takeover approved by members

An overwhelming majority of bank members have voted in support of a non-bank’s proposal to acquire another lender.

APRA authorises new bank

Another challenger bank has been granted a banking licence by the prudential regulator.

Government unveils budget for 2019-20

The federal government has handed down its 2019-20 budget, which includes a range of new programs and policies.

Pre-budget rate hike stuns analysts

The central bank has lifted the official cash rate for the first time in over eight years, surprising analysts ahead of the ...

Cash rate drops ahead of federal budget

The central bank has dropped the official cash rate for the first time in over two years, surprising most market analysts ...

Cash rate announced ahead of federal budget

The RBA has revealed its cash rate decision for April ahead of the release of the federal budget this evening.

Mortgage lender pulls out of market

Just a year after launching, a mortgage lender specialising in non-resident mortgages is being wound down and will not ...

Non-major pledges $3bn to SMEs

A non-major bank has pledged to provide $3 billion of new credit to small businesses and “increase its appetite for lending ...

New NAB chairman named

The big four bank has announced that its current interim group CEO has been unanimously appointed as the bank’s next chairman

RBA announces March cash rate

The RBA has determined the official cash rate for March, following its monthly monetary policy board meeting.

Labor releases banking royal commission response

The federal opposition has released its response to the final report of the banking royal commission, agreeing to 75 of the ...

ASIC to update responsible lending guidance

The corporate regulator has announced that it will undertake a review and consider changes to its responsible lending ...

Major bank chairman and CEO step down

The chairman and the chief executive officer of a major bank have announced that they are to leave their roles following ...

Government to ‘immediately’ review financial counselling

The Coalition government has announced that it will conduct an “immediate” review of financial counselling services.

RC’s final recommendations revealed

The long-awaited final report of the financial services royal commission has been released to the public, containing ...

Bank lifts home loan rates

A non-major lender has announced variable home loan rate increases of up to 15 basis points for new and existing mortgage ...

NAB succumbs to cost pressures and hikes rates

The major bank has announced increases to its variable owner-occupied and investor home loan interest rates.

Challenger bank gains full ADI licence

Volt Bank has been granted a full banking licence, becoming the first retail challenger bank to receive a full ADI since the ...

Lender lifts home loan rates by 20bps

The sustained rise in funding costs has forced the hand of another lender to increase its mortgage rates by up to 20 basis ...

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