Macquarie’s $1.9b mortgage assault pushes big four
Macquarie grew its home loan business five times faster than its major bank rivals in July; the latest sign that competition is returning to the market after a months-long ceasefire in the so-called “mortgage wars”.
With signs that profit margins were stabilising in recent months, the chief executives of the nation’s largest lenders signalled that the battle for borrowers was beginning to pick up again as their focus turned back to growth.
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