Business
Big banks surge on plans to water down responsible lending laws – ABC News
Australia’s biggest banks have surged on on the ASX 200 amid plans by the Federal Government to loosen responsible lending laws and Premier Investments says there will be more store closures if rents don’t fall.
Big banks have led the gains on the Australian share market after the Federal Government said it planned to relax responsible lending laws to make it easier for Australians to get a home loan and boost the coronavirus stricken economy.
Key points:
- S&P 500 rises 0.3 per cent to 3,247 on Wall Street
- Wild swings after US jobless claims increase and US new home sales reach 14-year high
- US Treasury Secretary signals hope for deal with Democrats on new stimulus
Click here to view the original article.
Continue Reading
-
Noosa News23 hours agoSeaWorld rescuers battle rough seas to free entangled humpback whale
-
General24 hours agoPrince Harry arrives in Kyiv to meet with wounded Ukrainian war veterans
-
General21 hours agoCharlie Kirk shooting suspect is in custody, Donald Trump says
-
Noosa News14 hours agoPCBA reviews DMP | Noosa Today