Bankwest to become digital bank, announces branch closures
WEBMar 6, 2024 · In a significant shift towards digital banking, Bankwest, owned by CBA, announced it will close 45 branches (28 metro; 17 regional) in Western Australia by October 2024. This move aims to refocus resources on its broker network and product offerings. Additionally, 15 regional branches will be converted …
Pepper Money simplifies access to asset finance
WEBAfter entering the asset finance space in 2014, Pepper Money has grown from challenger to major player in an increasingly fragmented market. With asset finance loans under management reported at $3bn in 1H 2021 results, Pepper Money is playing a growing role as partner to major asset finance broker groups, dealer groups and manufacturers.
ANZ officially acquires Suncorp Bank | Australian Broker News
WEBJul 31, 2024 Share. ANZ has officially acquired Suncorp Group’s banking arm after more than two years since the deal was first announced. ANZ chief executive officer Shayne Elliott (pictured above left) said it was an exciting day for the major bank, welcoming around 3,000 Suncorp Bank employees and 1.2 million customers into ANZ Group.
Better Choice partners with VOW Financial - Broker News
WEBMar 13, 2024 Share. Better Choice, a non-bank lender within the BNK Banking Group, has announced a new partnership with VOW Financial to enhance its commercial loan offerings for brokers. According to Paul Bakker (pictured), national sales and partnership manager, Better Choice is committed to providing brokers with alternative loan solutions.
More and more disgruntled brokers are leaving the industry, …
WEB“One female broker that I spoke with, a prominent broker, telling me that it was just too much. She had too much to manage with clients and compliance and she was said ‘I’m just done with this, I’m fed up with all the pressures and stresses, I don’t need this’.”
Investor home loans surge in Australia | Australian Broker News
WEBInvestor home loans in Australia are on the rise, as first-time buyers target lesser-known towns for affordable property investments, according to Ruggable Australia. With capital cities becoming less accessible, many are opting for smaller towns, renovating properties to increase value. Ruggable Australia’s analysis showed that towns like ...
First dedicated over 55s home loan lender launches
WEBMar 10, 2022 Share. Launching next month, new fintech home loan provider Boomer Home Loans, are designed to be Australia’s first specialist home loan lender for over 55s. The company is based in Perth and will be offered to customers nationally. Boomer Home Loans addresses the financial challenges faced by many older Australians by providing ...
How CAFBA stays on top of regulatory changes - Broker News
WEBRegulations are a key issue for commercial and asset finance brokers. Talking to Australian Broker TV, David Gandolfo, president of the Commercial & Finance Asset Brokers Association of Australia (CAFBA), shared how his association stays on top of regulatory changes and how it makes sure “remedies are not inappropriate or inhibit access to ...
Central Real Capital boosts lending capacity - Broker News
WEBNon-bank lender Central Real Capital has doubled its existing warehouse lending facility with Balmain Corporation to $200 million. CRC says this new lending capacity will meet surging demand for project finance from property developers and investors, coupled with a planned injection of $100 million in additional private capital from CRC founder ...
MyState Limited appoints new senior leadership team
WEBApr 04, 2022 Share. It’s a changing of the guard at MyState Limited as the Tasmania-headquartered group ushers in new senior executives. MyState Limited, consists of MyState Bank and TPT Wealth, a trustee and wealth management company. Vaughn Richtor (pictured top) has been appointed new board chair, while …