APRA to lift capital requirements for investor and interest only loans: Aus shares close 0.04% lower
12 Jun 2019 – The ASX200 dropped after APRA confirmed that it would increase capital requirements for investor and interest only loans. Following this news the big 4 banks took a hit which weighed on the market causing the market to close 0.04 per cent lower after 5 straight sessions of gains. McMillan Shakespeare (ASX:MMS) took a hit following news that an unfavourable interlocutory decision had been handed down in relation to the class action against one of its companies, Davantage Group.
Source: Finance News Network