Australia’s largest banks will need to rely on their lending businesses to boost profitability this year
Figures show deferral exits outpacing new entries for the fifth straight month
Group to return all funds to depositors before relinquishing its licence to operate as an ADI
As big banks look to rein in exposure, market share opens up for others
Decision protects both ADIs and consumers and will last at least six months, according to regulator
APRA forecasts that 2019’s headwinds will not only carry into 2020, but grow yet stronger