The Reserve Bank has warned Australian lenders they may need to hold additional capital against housing finance, driving up the cost of home loans.
Aussie’s top executive has dismissed claims that CBA has influence over the group’s brokers.
Smaller lenders are being locked out of aggregation panels as banks continue to buy up distribution.
The Finsure brand will soon cover financial planning as the group diversifies into wealth services.
The Federal Court has ordered GE Money to pay a penalty of $1.5 million for making false or misleading representations to more than 700,000 of its credit card customers.
CBA chief Ian Narev has announced an ‘open review program’ to investigate the advice failures at CBA dealer groups Commonwealth Financial Planning and Financial Wisdom.
NAB’s shock announcement last week of a major rebranding and the reintroduction of first-year trail commissions marks a significant milestone for the lender.
ING DIRECT will harness its broker referral program to boost distribution of its superannuation product.
A commercial mortgage originator has closed its inaugural commercial mortgage backed securitisation transaction.
Strong activity across RP Data’s valuation platforms indicates home loan demand is yet to moderate.