The Australian Financial Review today announced that Westpac and its subsidiaries Bank of Melbourne, St George Bank and BankSA, will withdraw from lending to small super funds at the end of July.
Australias banks will be more impacted by competition in the long term, than an overvalued property market, despite an increase in dodgy mortgages, according to hedge fund manager John Hempton.
It is hard for home borrowers to be aware of the true best deals when it comes to mortgages as charges and incentives are not always made clear, new research suggests.
The Hong Kong Monetary Authority has warned banks in the city over the rising risks of property lending, according to the Oriental Daily, just as home prices notch up another record in the world's most expensive housing market and Citigroup Inc. sees an imminent round of new cooling measures.
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