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Major bank lowers serviceability floor

A big four bank has updated its home loan serviceability assessment policy in response to APRA’s regulatory amendments.

Lenders blasted for ‘consistently failing’ consumers on CCI

The design and sale of consumer credit insurance has “consistently failed consumers”, ASIC has said as it announced ...

APRA finalises mortgage lending reforms

The prudential regulator has finalised its plans to amend its guidance relating to home loan serviceability assessments.

RBA cuts cash rate to new record low

The central bank has lowered the official cash rate for the second consecutive month, with attention now turning to the ...

Bank CFO resigns

Bank of Queensland's chief financial officer has resigned from his post to "pursue other leadership opportunities", effective ...

Facebook to enter finance space

The social media giant has announced plans to expand into the finance arena by launching a new global blockchain-powered ...

Bank expands commercial footprint in Australia

A global investment bank has announced its plans to expand its commercial offering to multinational Australian businesses ...

RBA announces ‘shock’ rate decision

The market has been caught off guard by the RBA’s cash rate decision.

Two lenders announce merger - 2019

Two customer-owned banks have announced that they are to merge, in what is being billed as “one of the largest mergers in the ...

Bank chairman retires, replacement appointed

A non-major lender has announced the retirement of its chairman and has appointed his replacement.

Suncorp CEO steps down

The managing director and CEO of the financial services group has stepped down from his post, effectively immediately.

APRA looks to amend mortgage lending guidance

The prudential regulator is looking at revising its guidance on the serviceability assessments that banks perform on ...

Election 2019: What to expect from the new government

The results of the federal election are in. We outline what the new government’s focus will be for the mortgage industry and ...

Bank appoints new CEO - 2019

Citi has announced a new CEO for its Australian business following David Livingstone’s move to become Citi’s CEO for Europe, ...

PM announces new FHB loan deposit scheme

Prime Minister Scott Morrison has announced a new First Home Loan Deposit Scheme that will enable first home buyers to access ...

PM slams ALP’s negative gearing, CGT plans

Prime Minister Scott Morrison has called out opposition leader Bill Shorten for his party’s negative gearing and capital ...

RBA announces cash rate

The central bank’s cash rate decision has been revealed, following its monthly monetary policy board meeting.  

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.

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