Elite Status is Bad for banks, page-3

Yes I agree however APRA is strangling the banks ability to lend and whilst banks are profitable enough now to fund the good looking well dressed people in the branches with good manners , I'm expecting their profits will either stagnate or drop over future years and that is main reason I have a sell on the big 4 , not sure about CBA yet. ANZ Bank is into financing business more so need to see more figures and time to pass but generally the banks are losing good business because they cannot lend to many proposals being put by car dealers who need to use other lenders to get many deals across the line and when you see it happening across many car dealers and an education Dept buyers are getting their applications dropped because HECs are now regarded as a liability sum or the bank has increased cost of living to $3400per month then a borrower even can't buy a unit in Bendigo, then how can you invest in a bank which can only lend to executives and millionaires? If your buying for today's profits then your going to screw your money against the wall. Imo the writing is on the wall.

The banks are dying by APRA decree. NAB is the most vulnerable at moment imo having lent too much on AfterPay which is not like when they purchased Custom Credit which was making solid money. DYOR