Business
CBA and NAB may suggest to risky borrowers to sell their property – Motley Fool Australia
Big ASX banks Commonwealth Bank of Australia (ASX:CBA) and National Australia Bank Ltd (ASX:NAB) may ask borrowers to sell property.
Big ASX banks Commonwealth Bank of Australia(ASX: CBA) and National Australia Bank Ltd(ASX: NAB) may soon ask borrowers to consider selling if that seems like the best decision.
What’s going on?
According to reporting by the Australian Financial Review, Commonwealth Bank has said that its most leveraged borrowers could be encouraged to downsize the family home or sell multiple investment properties. CBA is worried about borrowers who look as though they don’t have good prospects to return to w…
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