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Commented by: Paul Gollan at 19 Aug 2009 10:19 PM

It's amazing that the banks who couldn't cut the mustard in the broker space come out with stuff like this from HSBC. It reminds me of Bank of Queensland's exit from the broker market many years ago to focus on their franchise strategy...and ah that's working really well for them from all the media reports.

Hats off to the banks who can walk and chew gum at the same time. In the case of NAB it seems they can juggle a few balls as well.

Paul Gollan
AMB

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