Lenders announce out-of-cycle rate changes
Ezekiel MacNevin
A major bank and its subsidiaries, along with Macquarie Bank, have changed interest rates on a range of loans for both owner-occupiers and i...
News
Latest News
Neobank partners with wealth management platform
Australia’s newest bank has partnered with wealth management platform Spitfire to enable its clients to access its soon-to-be launched dep...
AMP appoints first Australian managing director role
AMP Capital has announced the appointment of Marsha Beck to its newly created role of managing director Australia.
PM wants people to ‘face consequences’ for misconduct
The Prime Minister has said that he wants to “see people face consequences for their actions” in respect to misconduct in the financial ...
Bank’s mortgage portfolio grows despite ‘challenges’
A non-major bank has reported a slight growth in its residential mortgage lending portfolio in H1 FY19 against the backdrop of a “challeng...
APRA’s ability to promote stability to be reviewed
Australia’s prudential regulator will be under the microscope next month when an independent review into its capabilities in promoting fin...
AFCA appoints small business ombudsman
AFCA has announced the appointment of a former Victorian Small Business Commissioner as its first dedicated small business ombudsman.
CBA removes banking fees for SMEs
The Commonwealth Bank of Australia has committed to a series of decisions geared towards making small business lending and banking easier and more transparent.
NAB has a ‘mountain to climb’, concedes chairman
Outgoing NAB chairman Ken Henry has acknowledged that the bank has a “long way to go” before it can meet the expectations of all of its customers.
New compensation scheme for misconduct victims
The federal government has announced it will “take further action” to compensate customers affected by historical misconduct, including ...
