Macquarie could pass on bank levy to home borrowers

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Banking disrupter Macquarie would jack up the interest rates on mortgages, cut back on deposit pricing or may even leave the retail market altogether if the Albanese government imposes a rural service levy to subsidise branch locations in the bush. This is the view of veteran MST Marquee banking analyst Brian Johnson, who says the controversial plan for banks to cough up more in tax if their regional footprint is lacking, revealed by The Australian Financial Review , will dampen competition in the mortgage market.

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