Following an individual complaint, the bank has reported the issue to ASIC and refunded over 1,000 customers with mortgage offset accounts
One legal expert has said brokers are bullying lawyers into providing obsolete paper documents on behalf of the banks
In a dual appointment, the online loan marketplace has also welcomed a major financial media commentator to its advisory board
One leading financial analyst has predicted a number of targeted rate cuts by the banks after a build-up of capital by most lenders
ANZ has appointmented an an ex-Coutts and Co. banker as its new head of private banking.
Low interest rates throughout 2013 resulted in significant increases in house and unit transactions over the year.
ASIC has revealed it is currently investigating 20 cases of falsification of loan documents or applications, while stating that fraud by brokers 'will not be tolerated'.
RESIMAC has hit back at reports claiming the company’s focus is on owning distribution channels, stating the non-bank lender will continue to expand its retail broker channel.
The much-hyped entry of a Japanese bank into the Australian market may not go ahead, as the bank announces the closure of its Australian office.
One LMI provider has recorded a substantial profit this year, while another was only just in the black.