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ANZ leaps to rate hike defence

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Australian Broker | 23 Apr 2012, 05:00 AM Agree 0
ANZ has revealed a detailed defence of its claims of tighter funding costs to back up its recent rate hikes
  • Allan Faint | 23 Apr 2012, 10:22 AM Agree 0
    when not just a profits but record profits continue to be made by the banks year after year. I dont care how the massage their numbers. No business I know can make record profits every year, most are happy to make ends meet. we live in a capatalist society, we must make a profit to survive, but when is enough profit enough?
  • Country Broker | 23 Apr 2012, 10:34 AM Agree 0
    More smoke and mirrors what is needed is a full break down of where they are funding their mortgage from not smokeand mirrors an margins.
  • Positive Broker | 23 Apr 2012, 01:03 PM Agree 0
    This is ignoring the facts on the massive margins being made in other areas. Overall ANZ is very profitable and should not be gouging it's mortgage clients unless they are prepared to reduce margins in other areas. You can't have it both ways.
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