Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

More calls for cuts as bank funding costs reach GFC lows

Notify me of new replies via email
Australian Broker | 15 Apr 2013, 08:00 AM Agree 0
Bank funding costs have reportedly reached their lowest level since the GFC - so what does this mean for interest rates?
  • Steve Atkin. | 18 May 2013, 04:09 PM Agree 0
    Why is it that the Federal Government have not subpoenaed all 4 CEO's from.the big 4 banks to prove that bank funding costs are supposedly still high, when there is a mountain of evidence to the contrary? Why is it that none of the big 4 have passed on the full .25% basis points rate decreases over the last 3 cuts as made by the RBA? Why did the major 4 banks wait to pass on the rate decrease on the 7/5/13? Why is it that a particular CEO from 1 of the big 4 appears to operate as a spokesperson for the other banks? Why does this person consistantly provide misleading information to the media, the general public & business council meetings in relation to what that particular person believes are high costs, when in fact bank funding costs have apparently dropped by approximately 30%.over the last 16 - 18 months? Isn't it time that the government, & the totally toothless & spineless regulator APRA, & even ASIC took a stand and demand answers for both business & the general public regarding the true costs of bank funding, & not the constant dribble that a particular bank & its CEO pumps out? Let's get some straight answers for a change , as the public.are entitled to know the full truth & have bank funding costs exposed for what they are. FRAUD!
Post a reply