APRA chairman John Laker says the regulator is “pathologically worried” about poor credit standards becoming pervasive.
ANZ bank has boosted its satisfaction rating amongst business customers in the past two months, leaving NAB trailing behind.
Reports that banks are relaxing lending standards are entirely false, and there's evidence standards are actually tightening, says one Sydney broker.
Seven top ten executives at a major bank, including the CEO, have had their bonuses slashed to placate disgruntled shareholders.
Australia's largest mortgage aggregator has appointed a former NAB top executive to the general manager position
The RBA's decision following yesterday's meeting has largely been embraced by housing market analysts as a positive sign