Macquarie Bank shuts down new car lending
Customers will no longer be able to enter into new car loans with the non-major bank.
Source: theadviser.com.au
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Customers will no longer be able to enter into new car loans with the non-major bank.
The CBA boss is astute enough to realise Macquarie’s aim to become a major player in the mortgage market means home loan margins will remain under pressure.
Rivals had been quietly hoping the investment bank might ease back now that it has 5 per cent of home loans but it has different plans.
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