Australia’s Big Four banks move to bypass mortgage brokers as profits squeezed
NegativeFinancial Markets

Australia's Big Four banks are taking steps to bypass mortgage brokers as they face squeezed profits. This strategic shift comes amid increasing pressure on the banks' profit margins, prompting them to reconsider their reliance on intermediaries in the mortgage market. The move reflects broader trends in the financial sector, where institutions are seeking to streamline operations and enhance profitability in a challenging economic environment.
— via World Pulse Now AI Editorial System

