Interest rates, consumer (101 items)

Suncorp hikes variable rates in slowing mortgage market

These are "sobering times" in the banking sector, David Carter, chief executive officer, banking and wealth at Suncorp says."I suspect that credit growth is slowing," Carter told Banking Day last week.Variable interest rates on all new and existing investor home loans, will increase by 0.12 percentage points from early July, Suncorp announced on Friday.ANZ, on the other hand, dropped variable rates. read more

Margin reset may secure NAB and Westpac dividends

A projected cut in the dividend at National Australia Bank and also Westpac is off the table, for now, according to sell-side analysts at UBS. The wave in home loan repricing that kicked off before Christmas - and validated over New Year by smaller lenders - is a prime factor behind an "improved environment" for Australian banks, they said. read more

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