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Banks react: Commissions will stay put

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Australian Broker | 29 Nov 2011, 06:30 AM Agree 0
NAB's major bank competitors have all reacted to its commission restructure by saying they plan no immediate changes
  • craig | 29 Nov 2011, 11:06 AM Agree 0
    We shall see as banks volume dwindle.
    They will have no choice within 3 mths I predict We do far better job than there mobile bankers or branches do.

  • James Green | 30 Nov 2011, 12:06 AM Agree 0
    Banks pricing teams are discounting at record levels. (I would guess 20 to 35 bps above standard pricing ranges.)
    Therefore, why wouldn't a lender give just +3bps (10 bps upfront)?
    NAB's momentum is going to be hard to stop.
    Wining back this marketshare will be very expensive. 3bps is it worth the risk?
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