Mutual banks told to 'sharpen their focus' on vulnerable customers
The customer-owned bank sector will introduce a new code of practice in October. A report shows there is work to be done to get ready.
Source: afr.com
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Non-majors have highest-rated BDMs: Broker Pulse
Business development managers at the non-major banks are outperforming their major and non-bank counterparts, according to a new broker survey.
Source: theadviser.com.au
ANZ turnaround times lowest in 2 years
The major bank’s turnaround times tumbled to single digits for the first time since March 2020 to nine days in April 2022, according to new data.
Source: theadviser.com.au
Fintech, major bank competition fuelling mergers: Newcastle Permanent
Battling over technology and relevance has fired up mutual banks’ need to join forces, Newcastle Permanent’s chair has said.
Source: mortgagebusiness.com.au
South West Credit, Beyond Bank edge closer to merger
Beyond Bank and South West Credit have confirmed there is only one hurdle left for their consolidation, after the majority of the credit union’s members voted yes. South West Credit Union held a s
Source: mortgagebusiness.com.au