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Small business owners are increasingly willing to try new funding options, according to a new survey. read more

Commonwealth Bank has cut owner occupier variable mortgage rates by up to 40 basis points and investor rates by up to 23 basis points, in a move that runs counter to APRA’s push to take the heat out o.. read more

Bank of Queensland has reported the first full year of growth in its mortgage book for seven years, as a range of business improvements took effect. read more

More than three years after giving APRA an enforceable undertaking to fix weaknesses in its governance, culture and accountability, Commonwealth Bank has received sign-off that the program has been co.. read more

Australian Unity, which launched the first issue of mutual capital instruments last December, has launched a “tap issue” under the program. read more

After tightening for much of the year, margins on residential mortgage-backed securities appear to have settled. read more

Commonwealth Bank has turned to artificial intelligence to try and deal with the rapid growth in “abusive payments” – electronic transactions that include offensive language in the transaction descrip.. read more

One in eight construction firms are in arrears with payments by 60 days or more – the highest level of any industry, according to new research. read more

The Reserve Bank is confident that banks’ capital positions will hold up if COVID continues to disrupt the Australian economy and conditions deteriorate “substantially”. read more

Households with mortgages have taken advantage of low interest rates to build their mortgage prepayment buffers. read more