Australia's CBA acknowledges it hurt customers as inquiry enters second week

[SYDNEY] Commonwealth Bank of Australia (CBA) has acknowledged it treated customers unfairly as a powerful inquiry into the scandal-hit banking sector that has uncovered serious misconduct and fraud enters its second week. Incoming CBA chief executive Matt Comyn said in an email to staff that
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“Either way, sellers need to be mindful of increasingly stretched buyer affordability, and the more they increase prices the more buyers will hit their ceiling on the amount they are able to save for a deposit and borrow for a mortgage. “There does however still seem to be potential price headroom in parts
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“We do not think we will apply for a virtual banking licence as we have already operate a traditional bank that has been around for almost a century,” Li said. “We already offer many digital banking services to customers. However, we would actively consider teaming up with a partner who may like to have
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Whether you are a first-time home buyer or purchasing the house of a lifetime, we have you covered. The credit union offers conventional mortgages for new purchases, constructions and refinances, as well as FHA and VA mortgage loans. We also offer free pre-qualification.
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Standard Life Aberdeen plc increased its holdings in FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) by 613.0% during the fourth quarter, according to its most … The Fidelity National Title Group segment consists of the operations of FNF's title insurance underwriters and related businesses.
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Scottish homeowners pay a fifth (20%) of their disposable income towards their mortgage each month, half of the prorportion in 2007 (38%), Bank of Scotland data found. Disposable income spent on mortgage payments in Scotland is 9% less than the rest of the UK (29%), making it the second most
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This kind of report on global Automotive Housing Thermostat Market a comprehensive study that takes account of the historical data, presents the current state, and anticipates the future.Additionally, it includes extremely useful information for new and growing company to mark themself over the market.
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Twitter will ban advertisements for several kinds of cryptocurrency products and projects. The policy, according to Sky News, would go into effect in two weeks and would block ads for initial coin offerings, token sales, and cryptocurrency wallets. It could also encompass a ban on ads for cryptocurrency
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The multifamily housing market continues to hum as people flock to the Charleston region in search of jobs and millennials put off home buying. Close to 900 new apartment units are proposed in four new developments throughout the area from the peninsula to Daniel Island to West Ashley. On Daniel
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London house prices continued to fall last month as the capital's housing market cooled, with experts predicting price growth to remain subdued until 2022. Asking prices fell by 0.6 per cent year-on-year this month, according to figures published today by Rightmove. The average price for a property in
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Portugal's cities are going through a modern day renaissance as strong economic growth fuels new retail developments, companies vie for space in its growing office market and investors target older buildings for refurbishment projects. Lisbon, the capital, is making a name for itself as international city,
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FintruX is a global peer-to-peer lending platform. So we're connecting borrowers and lenders on our platform and we're doing it across the world. So we're going to be starting in Canada and Singapore first and then expanding out to other geography after that. And what stage are you at? Have you gone
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As of the fourth quarter of 2017 mortgage payments accounted for less than a third or (29%) of homeowners' disposable income, compared to almost half (48%) in 2007. Andy Bickers, mortgage director at Halifax, said: “This is a real boost for both those who already have a mortgage and those preparing
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Half of people prefer to speak in person to a financial adviser when arranging a mortgage, a YouGov poll conducted by home insurance provider Paymentshield has found. However in general just one in 10 favour a face-to-face chat when making contact with a businesses. The most popular way to get
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Meanwhile, 22% of SMEs identified non-bank lenders as their preferred source of growth funds, up from 11% in 2014. In addition, it was revealed that amongst SMEs that have not used non-banking lending options in the past 12 months, 47.6% would be interested in using these options in the future.
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Financial companies and trusts, which are some of the most popular conduits for banks looking to get around tighter lending rules, have been partnering with other firms based as far afield as desert-locked Gansu province, Xinjiang and Inner Mongolia. China's banking regulator, which oversees trust
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The mortgage broker channel is crucial to ANZ (ANZ), writing nearly 60 per cent of the bank's $67bn a year in home loans. … And in a further blow to the broker model, which took a heavy battering from the royal commission last week, ANZ's head of home loans, William Ranken, admitted there was no
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Fortune Brands Home & Security logo Candriam Luxembourg S.C.A. trimmed its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 88.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,241 shares
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Asking prices for houses reached record highs in parts of Britain this month, as strong demand from first-time buyers and second movers coincided with a drop in the number of homes coming to market. The average price of a home increased by 1.5 per cent this month, the largest March rise since 2007,
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