Big four have made $4.7 billion since 2016 from not passing on RBA cuts: research
New research from financial comparison site Mozo has revealed the Big 4 banks’ tactic of holding back some of the RBA’s rate cuts has seen them pocket a $4.7 billion windfall since 2016.
Banking royal commission findings: no directive to further tighten lending
The royal commission final report, handed down on Monday, did not recommend banks further tighten their lending practices, with the desired outcome on lending having already been met.
