Cheryl Wither’s Post

#MondayMorningMotivation All you need is a lease…😲 NAB & Westpac are helping personal investors enter the commercial property market via their ‘Lease Doc’ product 🙌 Key requirements: ✅30% deposit ✅Active commercial lease ✅Ensure the rent can service the repayments No need to account for income or liabilities. It’s simple, yet effective💡 Ynance #mortgagebroker #commercialproperty #finance  

In flipping the ACCC rejection of the ANZ bid for Suncorp Group's bank, the Australian Competition Tribunal has redefined the competitive landscape in Australian #banking, recognising the reality of borderless digital competition, the benefits of scale and the competitive tilt #mortgagebrokers bring. Capital Brief has followed the saga in detail and here in our free Capital Gains newsletter we go through the implications. + farewell to Judo Bank founder Joseph Healy (and maybe Shayne Elliott), Bendigo and Adelaide Bank CEO Marnie Baker on the franchise benefit of loyal transaction account holders (while welcoming back Brian Johnson), Matt Comyn on that Commonwealth Bank share price and are banks too profitable? and KPMG Australia #fintech review with Daniel Teper all in Capital Gains https://lnkd.in/gw_3aT5B

Bank of America has strategically acquired Washington Federal Savings Bank’s multi-family real estate #loan portfolio for approximately $2.9 billion. This acquisition is a significant move in the banking industry, helping Bank of America expand its holdings in commercial real estate while allowing WaFd to decrease its exposure in a sector that's currently facing challenges due to high #borrowing costs and decreasing occupancy rates. Such shifts in the landscape highlight the ongoing adjustments banks are making in response to economic pressures and regulatory scrutiny, particularly in commercial real estate. This deal not only reshapes BofA’s asset management strategy but also indicates potential market trends in the banking and real estate sectors. Curious about how these market dynamics could affect your business or investment strategies? Connect with Quantum Finserv for tailored financial insights. #QuantumFinserv #QF #BankOfAmerica #BOA #BOFA #WaFd #CRE #Realestate #REIT #Banking #Markets #Trends #Investment #manda #acquisition #Advice #Strategy #Insight #Finance

Nearly 𝐭𝐰𝐨-𝐭𝐡𝐢𝐫𝐝𝐬 (64.9%) 𝐨𝐟 𝐍𝐀𝐁’𝐬 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐥𝐞𝐧𝐝𝐢𝐧𝐠 𝐜𝐨𝐦𝐞𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐛𝐫𝐨𝐤𝐞𝐫𝐬, up from 61.3% in the previous year. 𝐑𝐨𝐥𝐞 𝐨𝐟 𝐛𝐫𝐨𝐤𝐞𝐫𝐬 𝐦𝐨𝐫𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐭𝐡𝐚𝐧 𝐞𝐯𝐞𝐫! Recent MFAA data shows that brokers wrote 74.1% of new loans between January and March 2024, an increase of 4.5% from the previous record.

Anatomy of a takeover: Inside ANZ’s battle to buy Suncorp In a transaction 14 years in the making, ANZ and Suncorp tried to show the ACCC the world for banking had changed Date lodged: 2 December 2022 Status: Completed ; Outcome: Denied Decision date: 4 August 2023 " https://lnkd.in/gTPri8Vi) " On 25 August 2023, each of ANZ and Suncorp notified the ACCC that they have applied for review of the ACCC’s decision by the Australian Competition Tribunal. Further information about the Australian Competition Tribunal’s review will be available on the Australian Competition Tribunal’s website: " https://lnkd.in/gXsc48wG " NAB decided to find more scale by acquiring Citigroup’s consumer business in a $1.2 billion deal announced that August. Westpac had also been interested in Suncorp, but management had their hands full recovering from the AUSTRAC money-laundering case and subsequent blows dealt by APRA during an inquiry into its corporate governance. With CBA too dominant a player to get any deal past the regulators, it would be ANZ that again seemed to be the most likely buyer of Suncorp Bank. Agitating things further was the intervention of another regional lender, Bendigo & Adelaide Bank, which put its hand up as the logical alternative acquirer. Suncorp has spent months rubbishing any deal with Bendigo – or any other regional bank for that matter. A smaller bank would not be able to afford to pay the same price tag as ANZ, and a deal may only be able to be funded with scrip – less attractive to Suncorp than cash. " https://lnkd.in/gHxeXsVK "

Nearly 𝐭𝐰𝐨-𝐭𝐡𝐢𝐫𝐝𝐬 (64.9%) 𝐨𝐟 𝐍𝐀𝐁’𝐬 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐥𝐞𝐧𝐝𝐢𝐧𝐠 𝐜𝐨𝐦𝐞𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐛𝐫𝐨𝐤𝐞𝐫𝐬, up from 61.3% in the previous year. 𝐑𝐨𝐥𝐞 𝐨𝐟 𝐛𝐫𝐨𝐤𝐞𝐫𝐬 𝐦𝐨𝐫𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐭𝐡𝐚𝐧 𝐞𝐯𝐞𝐫! Recent MFAA data shows that brokers wrote 74.1% of new loans between January and March 2024, an increase of 4.5% from the previous record.

#OnThisDay in Financial History: Royal Bank of Scotland (RBS) announced a record share offering in 2008. The UK's biggest stock sale was a desperate attempt to fill the balance sheet, as RBS sought to cauterize wounds from the subprime mortgage collapse. The £12 billion was required to cover losses including at its recent acquisition: Dutch banking giant ABN AMRO Bank N.V.. …Ultimately as losses grew, RBS was rescued by British taxpayers. #FinancialHistory #RBS #CreditCrisis #StockMarket #GlobalFinance #FinancialCrisis #BankingHistory 

Last week, Lloyds Banking Group launched our social housing initiative “Building Futures”, chaired by our CEO, Charlie Nunn. We addressed several pressing questions: How can we return to the social housing delivery levels of 1948-1970? What are the sustainable options for long-term rent settlements? How can we effectively combine public and private capital to innovate new home delivery methods? Interested in learning more? Explore our white paper, “Building Futures” via the link below👇 https://lnkd.in/eiNFZc4B #lloydsbank #affordablehousing #socialhousing

It's a victory for ANZ and Suncorp Group, and a loss for the ACCC. The Australian Competition Tribunal has overturned the competition regulator's rejection of ANZ’s $4.9 billion Suncorp Bank acquisition with a complete dismantling of the ACCC’s argument. As Andrew Cornell writes in this week's Capital Gains newsletter, the tribunal’s decision is significant not just for ANZ and Suncorp but for how it redefines the financial services market in Australia. It essentially gives formal recognition to the reality that banking no longer consists of geographic and clearly defined markets contested by individual institutions. Rather, the market is increasingly digital and disintermediated, with a diverse array of competitive threats that offset any potential 'coordination' strategies. Also in today's Capital Gains: - Commonwealth Bank CEO Matt Comyn and Bendigo and Adelaide Bank MD Marnie Baker on why their banks' strong deposit bases are underestimated as a source of value. - A new report details a fire year for fintech - Judo Bank's founding CEO Joseph Healy is retiring. Now, attention turns to the future of ANZ's Shayne Elliott. Read today's newsletter below, or head over to our sign up page to get Capital Gains delivered to your inbox each week: https://lnkd.in/gqYVsy_2