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Sell-side analysts are feeling more positive about the shift in focus in Asia, which is now being driven by payments and transaction banking.
“There is a process to play out there, and I don’t think it is appropriate to while that process is in place,” Bendigo boss Marnie Baker said.
More than half of the $350 billion in low interest fixed-rate loans have moved to variable products, and the major lenders are the big winners, new data shows.
The cool response to CBA’s 2023 record profits comes as ANZ walked back a big cashback offer for customers in the latest sign of the squeeze on banks.
Commonwealth Bank is following in the footsteps of its peers, setting the wheels in motion for a big round of staff cuts.