Lending tightens amid banking inquiry

By Paul Osborne
Updated August 17 2018 - 10:51am, first published 10:23am
RBA Governor Philip Lowe is 'appalled' by the behaviour exposed in the banking royal commission.
RBA Governor Philip Lowe is 'appalled' by the behaviour exposed in the banking royal commission.

Banks are taking longer to approve credit and rejecting more loans as they adjust their approach to risk in the wake of the royal commission, an inquiry has heard.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Launceston news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.