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Heritage, People’s Choice push ahead with merger

Heritage Bank and People’s Choice Credit Union have travelled further towards consolidation, having confirmed their new ...

Last day to respond to mortgage industry election poll

As the country heads to the polls on 21 May, mortgage industry participants are being asked to share their thoughts on the ...

Labor leader acknowledges cash rate/unemployment ‘mistake’

Opposition Leader Anthony Albanese has conceded he “made a mistake” after being unable to recall the correct cash rate or ...

BOQ announces new CFO

The non-major bank has appointed a new chief financial officer to replace Ewen Stafford, who is leaving to join Loan Market ...

NAB cracks down on financial abuse

NAB blocked more than 10,000 abusive transactions from 6,800 unique customers in March, as it ramps up financial abuse ...

APRA to outline crypto expectations to banks

APRA is finalising a letter to banks relaying its expectations around crypto assets and flagging them to “proceed with care”

Major banks revise cash rate forecasts

Economists from all four major banks have revised their cash rate forecasts following the RBA’s meeting this week, suggesting ...

Musings on my mortgage experience

It finally happened: I’m a home owner. After more than five years of writing about mortgages, I finally got to see behind the ...

Islamic financial service provider streamlines process for brokers

Hejaz Financial Services upgrades its application technology to “streamline applications” for brokers, as it expands its ...

Citi appoints new chair and head of banking

Citi’s Tony Osmond steps in as chairman, banking, capital markets and advisory, as Alex Cartel assumes head.

Mutual banks without scale will be ‘unsustainable’: Bank CEO

The CEO of a customer-owned lender has warned that mutual banks that do not have scale and financial strength will be ...

Bank completes merger with credit union

A mutual bank has welcomed 3,000 new members after completing its merger with a credit co-operative.

New ASIC chair and deputy chair appointed

The federal Treasurer has appointed a veteran financial services lawyer and former regulator to head up the financial ...

Citi to sell Australian consumer business

Citi is to exit its consumer business, including mortgages, loans, retail banking and credit card operations, in Australia ...

Major bank sells LMI business

A big four bank has announced that it will sell its lender’s mortgage insurance business to a global specialist insurer.

Two non-majors to merge

A Queensland-based lender is to acquire the super fund-owned lender ME Bank, as the two banks look to challenge the dominance ...

CBA liable for overcharged interest

The Federal Court has declared that the major bank engaged in misleading and deceptive conduct on 12,119 occasions when ...

Suncorp to withdraw from personal lending

The non-major bank has announced that it will cease offering personal loans as it moves to have a “greater focus on home ...

NAB to acquire 86 400

National Australia Bank is set to acquire 100 per cent of the shares in digital lender 86 400, in a bid to help grow NAB’s ...

Fintech exits banking industry

A neobank has announced its plans to return all funds to depositors and relinquish its ADI licence.

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