Get notifications in real-time for staying up to date with content that matters to you.
Staff Reporter
Interest rate relief is a long way off, according to CBA chief executive Ralph Norris.
Mr Norris told reporters yesterday that the high cost of attracting retail deposits will keep pressure on CBA’s retail banking margins and, in turn, borrowers.
Earlier this month, CBA raised its SVR 20 basis points above the RBA in a bid to improve its margins.
Speaking about the bank’s out of cycle rate move, Mr Norris said the decision was not made lightly, but the bank has an obligation to run the business in a sustainable way and balance the needs of stakeholders.
The business lender has rolled out a new broker platform, as it h...
Brokers are key to holding lenders to account to ensure borrowers...
The aggregation group has announced a new arrangement with a spec...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
