Yes. I am a CBA- and WBC & ANZ- shareholder.
We probably have the most competently run banks in the Developed World.
Interest rates are set by the RBA- all the banks do is add a margin. If banks lowered home loan rates by 1% whilst cost of funds remained the same- they would make nothing.
Whilst Socialists- and Greens- might like this- we would no longer have a stable banking system which provides liquidity to the economy.
Yes- I am also a borrower from the banks.
goodbye to the seventies, page-49
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Last
$145.46 |
Change
1.610(1.12%) |
Mkt cap ! $243.4B | |||
| Open | High | Low | Value | Volume |
| $144.50 | $145.60 | $144.32 | $198.5M | 1.368M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $145.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $145.47 | 68 | 1 |
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| CBA (ASX) Chart |