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Lenders will soon start seeing increasing losses from home loan portfolios as some borrowers suffer “sizeable repayment shock, ” APRA chair Wayne Byres has said. Speaking at the Financial Review
The Albanese government has been put on notice by the banking industry that it needs to urgently address the shortage of skilled workers.
The Albanese government must prioritise attracting skilled and unskilled workers to Australia or risk acute labour shortages further curtailing the economic recovery, banking leaders say.
The major bank has said that brokers play “an important role” in supporting customers in the current environment. The Commonwealth Bank of Australia’s executive general manager of home buying, D
The Australian Financial Review Banking Summit has heard warnings that business investment, performance and growth will be held back by the critical shortages of skilled and unskilled workers.