Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 433 results for "Home loan"

Senator calls for super funds to stop shorting

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
... shares creates a lottery," Rennick said. "If the day you come to retire and have to cash out your super to pay off your home loan is the same day a super fund happens to shorts shares because, at the same time, a fund manager has to retire and cash out ...

ANZ posts 54% profit rise

ELIZA BAVIN  |  THURSDAY, 18 FEB 2021
... recovery," Elliot said. "All out major businesses performed well through the quarter with market share gains in our key home loan market in Australia as well as record home loan volumes in New Zealand." Elliott said the bank's diversified portfolio in ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
Challenger will spend $35 million to buy Catholic Super's banking business, in a move that Bell Porter says could have more upside than suggested by the company this morning. Challenger and MyLife MyFinance have entered into an agreement with an expected ...

DomaCom partners for Sharia-compliant home loans

KANIKA SOOD  |  MONDAY, 21 DEC 2020
Fractional property investor DomaCom and Islamic wealth firm Crescent Group have entered a partnership to offer a new home finance product aimed at 700,000 Muslim Australians. DomaCom and Crescent Group have entered exclusive heads of agreement with ...

Aussie, Lendi to merge

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
... merged business while Aussie's owner, CBA, will hold 45% and continue to provide funding for the Aussie Select branded home loan product. "The merger is another important step in the almost 29-year evolution of Aussie as Australia's leading retail mortgage ...

Financial services complaints rise

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
Complaints made about financial services have almost doubled since last year, according to the Australian Financial Complaints Authority (AFCA). In its yearly report, AFCA revealed complaints had risen to 80,546 from 47,223, which is a 14% increase ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... impairment of its Asian banking investments, PT Panin and AmBank, due to the pandemic. The bank provided an update on home loan deferrals, with more than half of the 95,000 that deferred have completed the deferral and 79% of those are returning to normal ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
National Australia Bank has been ordered to pay $15 million for dealing with unlicensed home loan introducers, as revealed at the Royal Commission. ASIC brought proceedings against NAB for contravening the National Consumer Credit Protection Act, which ...

Funding for housing to decrease

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... payments under the National Rental Affordability Scheme which has now been closed to new applicants. In addition, the First Home Loan Deposit Scheme was extended by a further 10,000 places that will allow first home buyers to obtain loans to build a ...

817 super complaints during COVID-19

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 SEP 2020
The Australian Financial Complaints Authority has revealed the breakdown of what was complained about between 3 March 2020 and 31 August 2020. Superannuation complaints were dwarfed by other industries with just 817 of the 7420 total. Travel insurance ...