Banks go to war to lend money – Small Caps

First came the relaxation of bank lending standards, now get ready for the bank lending war.
The first shots have already been fired by the Commonwealth Bank (ASX: CBA) and ING which both shaved down interest rates on their housing loan products and there will be many more shots fired as all of the banks scramble to sign up new loan customers or steal them.
Commonwealth, ING and Westpac fire the first shots
Commonwealth shaved several of its loan products by up to 15 basis points, with its lo…

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