just one point i dont agree with you is that they are inefficient - they dont really make that much money when you look at how much they have
look at their assets to profits ratio - CBA has about ~$650 billion in assets and profits are ~$10 billion - that's a 1.50% return - is it really that good or greedy? I'd say thats ok but not outlandish. Oversimplification sure but if say a fund manager say have $100 mill on their books would a $1.5 mill profit be reasonable? you would probably say they under performed for that year
One could also argue they are paying a "Bank Levy" to the government which only the big 4 pay along with paying their taxes fairly unlike some of these large international companies and say Qantas? https://thenewdaily.com.au/money/finance-news/2018/08/23/booming-qantas-finally-pay-tax/.
They cop a fair bit of criticism and they should but its sometimes unfair certainly getting to that point now i think. They could be doing a lot more wrong than they are
- Forums
- Political Debate
- ACCC
ACCC, page-9
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O’Donovan, Executive Director
Gerard O’Donovan
Executive Director
SPONSORED BY The Market Online