NAB has confirmed that the ACCC won't intervene in its proposed acquisition of Challenger's mortgage management business
The CEO of the Commonwealth Bank, Ralph Norris, has indicated that the banks will not make a grab for extra margin as official rates begin to rise, The Daily Telegraph reported today.
Macquarie Bank is set to re-enter the mortgage space, according to BusinessDaily.
In a move rivalling NAB's cuts to bank fees, Westpac has announced it will be slashing exception fees across credit cards, personal accounts and business accounts.
The big banks have used the last RBA rate cut to reclaim lost margin explained NAB's regional general manager Matt Lawler at the NAB Broker roundtable
Westpac has cut its maximum LVR for new borrowers who are not already a client of the bank.