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Pepper Group has completed its second issue of residential mortgage-backed securities in two months, upsizing the transaction to $1 billion. read more

Athena Home Loans has introduced a mortgage with a rate that falls as the borrower pays down the loan. read more

Commonwealth Bank reported net profit of A$9.6 billion for the 12 months to June – an increase of 12.4 per cent over the previous corresponding period. On a cash basis, after adjusting for $2.1 billio.. read more

Australia’s financial planning ranks are in decline, led by a 25 per cent fall in the number of advisers aligned to banks in the year to June. read more

ASIC is taking finance company SIV Capital to court over alleged breaches of the National Consumer Credit Protection Act. read more

Lender RateSetter Australia has rebranded as Plenti, following the sale of RateSetter in the United Kingdom to Metro Bank. read more

The significant increase in the money supply since February, reflecting strong growth in deposits, has given the banks an opportunity to take advantage of low funding costs and boost their margins. read more

A month after the Australian Bureau of Statistics reported the biggest ever fall in the value of new housing loans, the mortgage market has bounced back. read more

Marty Pomeroy steps up as CEO of Smartpay after Bradley Girdis resigns when a deal to sell Smartpay’s NZ business fell through. read more

The Australian Securities and Investments Commission is proposing to use its product intervention power to crack down on the sale of add-on insurance and warranty products sold with motor vehicles. read more