Why it matters: Banks are taking too long to release business borrowers who switch lenders.
Judo Bank says this cost it a $9 billion strategy target.
Regulatory scrutiny on banks is mounting.
Judo says the big banks are still dragging their heels when customers want to switch business lenders amid growing regulatory scrutiny of potential anticompetitive conduct.
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
