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Banks are not telling funding cost fibs: RBA

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Australian Broker | 16 Mar 2012, 02:00 AM Agree 0
The RBA has again defended banks' claims that they face higher funding costs and shrinking margins, with regionals the hardest hit
  • Positive Broker | 16 Mar 2012, 12:14 PM Agree 0
    What you have to remember is that while the margin on mortgages is undoubtedly tight they are making massive margins on commercial loans, ATM Fees and credit cards etc which more than offset mortgages. Our banks are extremely profitable and should stop complaining!
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