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Banks let funding 'myths' persist

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Australian Broker | 05 Apr 2012, 03:00 AM Agree 0
An ANZ exec has claimed a link between the RBA cash rate and bank loan rates is a "myth" that banks let persist out of convenience
  • Garry | 05 Apr 2012, 11:10 AM Agree 0
    If lending out deposit funds are having a negative effect on costs then the lender needs to source funds elswhere such as the market where the real cost of funds is lower. For the sake of the Australian public they should be doing what they can to reduce the cost of borrowing as far as possible.
  • Shane Hanson | 05 Apr 2012, 12:02 PM Agree 0
    Ohhhhh these ARE the people who say, "Rip them off blind with illegal fees and charges; then LIE to them by giving them pamplets that says that they can do it, because they say so, and then add in monsterous fees for their excellence at lieing and thieving.

    Never mind how when you say, "Give me my money back", they then close your account on you.
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