CBA sends shockwave through specufestor lending market
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A day after its subsidiary, Bankwest, slammed the brakes on property investment lending for new customers, its parent, the CBA, has done likewise. From The Australian:
Commonwealth Bank of Australia will be turning away property investor customers of rival banks wanting to refinance their loan.
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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.