Business
Banks bounce back as lending laws relaxed – weekly review – Small Caps
It only took one stroke of the pen from Treasurer Josh Frydenberg and the big banks were back in business, once again dominating the share market and adding an almost instant $15 billion of valuation.
It only took one stroke of the pen from Treasurer Josh Frydenberg and the big banks were back in business, once again dominating the share market and adding an almost instant $15 billion of valuation.
The decision by the Treasurer to greatly relax responsible lending rules for the banks quickly caused a stampede of investors back into the banks as they factored in much larger than expected credit growth across mortgages, personal loans and credit cards.
Consumer groups were not so happy given …
-
Noosa News20 hours agoBrisbane vs Collingwood live blog: Richmond selects Noah Balta as unbeaten Lions prepare for Magpies test
-
General19 hours agoNT Coalition candidate Lisa Siebert diverges from Jacinta Nampijinpa Price on royal commission call
-
Noosa News22 hours agoPeter Dutton insists there’s enough water for his seven nuclear plants, contradicting shadow frontbencher
-
General21 hours agoCanberra man named as doctor accused of rape after suppression order lifted