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NAB announces executive leadership appointment

The major bank has announced the latest of a number of changes to its executive leadership team.

ASIC mulls further action amid responsible lending loss

The corporate regulator has left the door open for a High Court appeal of the Federal Court’s decision to dismiss its ...

Government unveils housing stimulus

The federal government has announced a new $700-million housing stimulus package aimed at rekindling property market activity

Australia now in recession, says Frydenberg

The economy contracted by 0.3 per cent in the March quarter, ending Australia’s 29-year period of economic expansion, with ...

Calls for negative interest rates renewed

The central bank has been urged to consider further cuts to the cash rate in the wake of the unprecedented COVID-19 crisis

Major bank executive retires

The chief executive of a major bank’s institutional arm has announced their retirement after more than 30 years in the sector

Westpac’s head of retail steps down

The big four bank has announced several executive changes, including the departure of the chief executive of its consumer ...

Bank CEO resigns, interim appointed

The chief executive of a non-major lender will step down after just months at the helm.

APRA suspends banking licence issuance

The prudential regulator has confirmed that it is temporarily suspending the issuance of new licenses in response to the ...

MyState CEO agrees to stay on

The chief executive officer of the Tasmania-based banking and wealth management group, who was meant to step down in June, ...

Banks to suspend SME loan repayments

Australia’s lenders will enable small-business customers to defer their loan repayments for six months in response to the ...

CBA slashes rates following emergency cut

The Commonwealth Bank has announced reductions of up to 100 bps on its credit products and revised its home-lending policy in ...

RBA announces emergency rate cut

The central bank has pulled its emergency lever, pre-emptively cutting the cash rate to a historic low in response to the ...

Baird to exit NAB, interim replacement announced

The big four bank has announced that the head of its retail bank has resigned from his post.

Big four move in tandem with RBA, slash rates

A host of lenders, including the major banks, have reduced their mortgage rates in response to the Reserve Bank’s fourth cut ...

RBA unveils market-defying rate verdict

The central bank has surprised markets after announcing its monetary policy decision.

APRA confirms expansion of mortgage reporting regime

The prudential regulator has announced that it will commence publishing more “in-depth” home lending statistics collected ...

HSBC appoints new Australian CEO

The non-major bank has appointed a new chief executive officer of HSBC Bank Australia Ltd, taking over from interim chief ...

Westpac appoints new chairman

The major bank has announced that a former ANZ CEO will become the successor to its outgoing chairman, Lindsay Maxsted.

ING appoints new chair

The non-major has appointed the former chair of APRA to head up its board.

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