Australia’s Biggest Bank Hires Hundreds to Speed Up Home Loans

Pedestrians are reflected in the window of a branch of the Commonwealth Bank of Australia (CBA), Australia's biggest bank by market value, in Sydney, Australia, on Nov. 8, 2017. Reuters/Steven Saphore/File Photo

Australia’s biggest bank has hired hundreds of people to keep up with a deluge of home loan applications, as property industry veterans say bank pre-approval delays mean buyers are missing out.