I agree the banks are liars...
maybe some real competition, especially from the Bank of China for our asian investors here in OZ.
here are their current home loan rates...5.5% is not bad for a variable
http://www.bocau.com.au/en/1-5-612.html
their commercial loans are not bad either at 6.7...
but they do not appear to have fixed rates...
I am pretty certain there is another foreign bank very interested in aus that will give the 'big 4 rip offs ' a run for their money
I guess finding one without the Libor scandal might be a bit hard...
and how come our banks have not been involved with the Libor scandal ?
or is it hush hush just for us ?
ps I am not suggesting anyone, or anything here...
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