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APRA revokes Islamic Bank Australia's banking licence

The regulator has confirmed it has revoked a restricted ADI licence upon request from the bank.

Bankwest to become digital bank

The CBA subsidiary will close 45 branches in Western Australia and rely more heavily on the broker channel as it has announced its move to become a digital bank.

ACCC won’t seek review of ANZ-Suncorp decision

The competition watchdog “does not propose to seek review” of the competition tribunal’s decision to grant authorisation for ANZ to acquire Suncorp.

Large ADI turnarounds at fastest pace yet: Broker Pulse

Turnaround times have reached new record speeds at the biggest banks, while small ADI and non-bank turnarounds have also reduced, according to new research.

APRA grants ADI to digital bank

APRA has confirmed it has removed restrictions to an RADI, allowing it to operate as a fully fledged bank.

Pepper Money home loan originations dropped 43% in 2023

Home loan originations decreased at the non-bank lender in 2023 due to “intense” competition.

Non-bank lender sets inaugural RMBS pricing record

Australia’s largest inaugural RMBS issuance has been priced at $1 billion by a non-bank lender, doubling the previous largest transaction.

Unloan resurrects introducer commissions

The major bank’s direct-to-consumer mortgage brand is now offering a 0.33 per cent commission to referrers who introduce customers who settle a mortgage.

Former New Zealand PM resigns from ANZ board

Former New Zealand prime minister Sir John Key will be retiring from his position as chair of the ANZ New Zealand board next month.

Third-Party Lending Survey has launched for brokers

The 15th annual Third-Party Lending Survey has launched, with mortgage and finance brokers being called up to review the performance of lenders this past year.

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