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Heritage Bank lending down by $60m

One of Australia’s largest customer-owned banks has seen loan approvals drop by $60 million in the financial year 2015/16, after a slow start to the year.

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DomaCom teams up with peer-to-peer lender

Crowdfunder company DomaCom has announced a partnership with a peer-to-peer lender that offers loans to small to medium-sized businesses.

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ANZ appoints chief economist

ANZ Bank has named Richard Yetsenga as its new chief economist, a role he has been acting in since March 2016.

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Bank tipped to acquire non-bank lender

A listed Australian bank has confirmed it has held discussions with a leading non-bank lender following media speculation about a potential M&A deal.

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Bank will focus on 'higher quality' mortgage lending, says CEO

The CEO of a leading challenger bank has praised the radical transformation of its lending portfolio after posting an 11 per cent jump in profit for the 2016 financial year.

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Macquarie business lending outperforms home loans

Macquarie Bank has grown its business loan portfolio more than its mortgage book over the last quarter after posting a $2 billion profit for the year to 31 March.

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Non-majors reduce variable rates

Two non-major lenders have today announced that they will cut their variable home loan rates in light of the Reserve’s Bank’s 25 basis point cut on Tuesday.

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Analysis: Majors under attack over meagre rate cuts

Anyone who has a home loan with one of the big four banks (8 in 10 mortgage holders) will no doubt be miffed about missing out on the RBA’s full 25 basis point cut.

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Former Xero boss joins non-bank lender

Alternative small business lender Moula has appointed former managing director of Xero to its board.

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Westpac announces NZ$250 million capital raising

Westpac has announced a new bank notes offer aimed exclusively at New Zealand investors, following the success of the bank's capital notes offer earlier this year.

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