Hate to burst ur bubble on the theory that banks are just passing on the sub-prime losses to their customers, but that's not how it quiet works.
All banks continuously supply the RBA data on margins, performance, etc and the data that Wayne Swan was referring to in is comments on ANZ was very high-level data from the RBA and when he was then provided the detailed data it was proven their was justification in the rate rise of 20 basis points by ANZ.
Problem is, Wayne Swan can't retract his comments now - it is very political at the moment.
The banks margins have actually reduced on the wholesale rate set, etc and in order to stay sustainable and deliver to shareholders, they can't absorb every rate rise. Keep in mind there has been a 75 basis point rate rise over the past couple of months with another one set to occur.
That would be a full 1% (100 basis points) in less than 6 months....
- Forums
- ASX - General
- ASX
- 1 billion exposure of oz banks to subprime
1 billion exposure of oz banks to subprime, page-7
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ASX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$64.50 |
Change
0.050(0.08%) |
Mkt cap ! $12.50B |
Open | High | Low | Value | Volume |
$64.91 | $64.99 | $63.99 | $14.13M | 219.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 349 | $64.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$64.54 | 1011 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 349 | 64.390 |
2 | 1266 | 64.360 |
1 | 1266 | 64.310 |
1 | 1266 | 64.260 |
2 | 3726 | 64.210 |
Price($) | Vol. | No. |
---|---|---|
64.540 | 1011 | 2 |
64.600 | 154 | 1 |
64.640 | 1266 | 1 |
64.660 | 1213 | 3 |
64.690 | 1944 | 2 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |