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(Recasts with banks used regulatory push to boost revenue) SYDNEY, Dec 11 (Reuters) – Australia’s Big Four banks generated over A$1.1 billion ($792 million) in revenue by lifting rates on interest-only mortgages in unison in response to a regulatory change, the country’s competition watchdog said on Tuesday. The Australian […]
Click here to view original web page at UPDATE 1-Australian regulator says banks used regulatory change to boost revenue