Westpac to cut fixed mortgage ratesRuth Liew
Asset and cash flow modelling were not performed for this review, in line with Fitch's APAC Residential Mortgage Rating Criteria. Low Operational and Servicing Risk: WNZL, a wholly owned subsidiary of Australia-based Westpac Banking Corporation (A+/Stable/F1), is one of ...
The flipside is that the banks would probably need to unwind the small reductions in owner occupied principal & interest SVRs they put through when the interest only and investment property mortgage rates were increased. Chart 2: Major Bank Standard Variable Mortgage Rates This does give the banks...
(Reuters) - Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at a time of strong profit growth amid rising interest rates and soaring inflation, a local trade body said. The Finance Sector Union of Australia (...
Murray, Lisa