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Lenders still 'dialling down' on SMSF market

A Sydney mortgage broker says lenders are continuing to wind back their activity in the SMSF space in order to hit their APRA targets, making it a "struggle" for funds with less than ...

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Aussie fund manager bets big on P2P lending

An Australian fixed-income manager has launched a new fund that invests in prime-grade consumer loans originated by peer-to-peer marketplace lending platforms around the world.

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UK regulator releases responsible lending findings

The Financial Conduct Authority has found that UK mortgage lenders have positively applied responsible lending requirements but still have room for improvement.

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ANZ axes hundreds of jobs amid ‘low lending growth’

The major bank yesterday revealed that approximately 200 roles in its Australian division will be made redundant in response to lagging economic conditions.

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Small business lending reaches record high for banks

A new report has revealed bank lending to small businesses reached its highest level on record in 2015.

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NAB restricts lending to foreigners

National Australia Bank has followed the other three major banks in tightening its mortgage lending criteria for non-residents.

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Business environment still 'favourable' despite slump: NAB

Conditions and confidence among Australian businesses has remained "well above average levels" despite suffering a decline in April, according to NAB chief economist Alan Oster.

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Loan impairment hits five-year high for CBA

Australia’s largest lender has posted a $2.3 billion cash profit for the three months to 31 March, despite a significant increase in loan impairment.

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Lenders continue to cut rates

Four more lenders have followed Yellow Brick Road in announcing reductions to their variable mortgage rates.

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More lenders move on rates

Four more lenders have announced reductions to the standard variable rate (SVR) on their home loan products, but not all have passed on the rate cut in full.

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