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May 08: BankWest guarantees broker commissions

by Staff Reporter7 minute read
The Adviser

In a show of support for the broking industry, BankWest has moved to boost third-party market share through guaranteeing broker commissions with six major aggregation groups until the end of the year.

BankWest’s announcement comes hot on the heels of Westpac’s shock decision to slash broker commissions, fuelling fears other major banks will follow.

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