Westpac chairman warns increased regulation will slow lending | Sky News Australia

is this guy serious, outrageous corporate behaviour bordering on criminal conduct by financial institutions as exposed by the royal commission & he is now threatening the Australian economy & people if they are held to a standard of corporate behaviour. billshortenmp Bowenchris

Ha ha ha....he wouldn't have a vested interest would he

It's the 'toxic' loans that are the problem, I asked for a $15,000.00 loan and the bank loans manager tried to double the amount to $30.000.00, I said no. I could not afford to get into that much debt, if I had said yes and defaulted they would have taken my only asset (house).

is this guy serious, outrageous corporate behaviour bordering on criminal conduct by financial institutions exposed by the royal commission & he is now threatening the Australian economy & people if they are held to a standard. LiberalAus The_Nationals theage smh 9NewsMelb

Is that something like, there making us do our job honestly, so we have to tighten the screws on lending to get our own way. We need our own bank again, give the greedy banks some competition. Privatizing our bank started the ball rolling with greed. TIME TO STOP IT.

The royal commission has exposed outrageous & criminal conduct by the financial services sector who demonstrated that they will do anything to increase profits AT ANY COST. Know this, your conduct should be subject to criminal prosecution&loss of banking license. billshortenmp

Banks having a hiss fit over regulations want to hold Australia to ransom to get back to rorts and rip off pre Royal Commission.

We've already seen what happens when there is too little regulation...

In other news, water is wet

The banks showing they are the enemy of the people by fighting against the peoples government... Showing who is the boss and disdain for the people...

Good. Maybe real estate developers should reduce their slice of the pie, to make house loans more affordable and more appealing to banks instead of screeching about regulation. The marketplace will sort it out.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Treasurer calls on banks to stimulate lending | Sky News AustraliaTreasurer Josh Frydenberg is demanding banks stimulate ‘affordable and timely’ lending after revelations Australian house prices have suffered its worst year since the global financial crisis. \n\nMr Frydenberg used the latest figures by CoreLogic to renew his attack on Labor’s election pledge to curb negative gearing, claiming the policy will worsen the housing market slide. \n\nImage: News Corp Australia \n\n JasonClareMP Banks tightened up loan books subsequent to the Royal Commisssion. There will need to be regulatory and/or legislative support for them to reopen there loan books (along with the absence of an AustralianLabor removal of negative gearing). JasonClareMP This clown has zero credibility JasonClareMP Fairly for who, you bunch of liars
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Experts warn Australia's property market slump will only worsen | Sky News AustraliaExperts warn the housing market will not rebound until 2020, with indications it will further decline before picking up again. \n\nEconomists are predicting markets will continue to fall, anywhere between 20 to 25 per cent before the Australian property market builds strength. \n\nInternational investment giant Credit Suisse has forecast a 25 per cent peak to trough fall in the Sydney market. \n\n\nImage: News Corp Australia\n\n\n\n\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Experts warn Australia's property market slump will further decline | Sky News AustraliaExperts warn the housing market will not rebound until 2020, with indications it will further decline before picking up again. \n\nEconomists are predicting markets will continue to fall, anywhere between 20 to 25 per cent before the Australian property market builds strength. \n\nInternational investment giant Credit Suisse has forecast a 25 per cent peak to trough fall in the Sydney market. \n\n\nImage: News Corp Australia\n\n\n\n\n\n Great news! Quite easy to believe. Feb and we’ve already seen Sydney come off 15%. Highest house hold debit in the world, some of the dearest houses in the world, zero wages growth, Chinese demand has dried up. What took Sydney and Melbourne house values to these levels anyway? overvalued
Source: SkyNewsAust - 🏆 7. / 78 Read more »