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In an act of utter absurdity, the incoming chief of ANZ Bank, Shayne Elliott, is reportedly looking to double down on the housing bubble by selling more mortgages in New South Wales. From The SMH:
ANZ Banking Group will seek to grow by selling more home loans in Australia after years of touting its growth opportunities in Asia, with incoming chief executive Shayne Elliott flagging a more aggressive push into mortgages in NSW…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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