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Westpac group drops floor rate

The major bank and its subsidiaries have dropped the floor rate on mortgages and reinstated some offerings that were suspended due to COVID-19.

Open banking could shake up lending: tech head

Open banking could make borrowers less “sticky” and more willing to switch lenders, meaning organisations may have to find ways to retain customers, according to ME Bank.

Policy measures buffer housing sales loss

The COVID-19 pandemic has eroded profitability of housing through the June quarter, but the portion of loss-making sales rose only slightly, according to CoreLogic.

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