MELBOURNE (CU)_Over the recent months, shareholders of the Australia and New Zealand Banking Group (ANZ) have expressed their frustration over the bank’s failure to grow in the lucrative mortgage market as a result of its slow approval processes. Recent reports have revealed that the Australian multinational banking company is horribly off pace in terms of its speed in approving home loans, with a median turnaround time of 51 days. This is in comparison to just seven days taken by the Macquarie Group to approve a mortgage application in the Pacific nation.
Accordingly, the senior management of ANZ requested shareholders to remain patient as they look to…
