How safe are our banks
How safe are our banks? In my discussion with Peter Switzer last week, I explained that by global standards, they have a simple business model that has allowed them to cut costs and lower risk. RBA research shows that local banks' focus on home lending has allowed them to slash costs through IT innovation, as well as de-risk their loan books compared to business lending. If, like me, you are not a believer in a property crash then the banks still look good. To hear more, click on the link to my Switzer interview: (VIEW LINK)
Author, columnist, investment strategist and macro-economist. Previous roles at Federal Treasury, OECD, Macquarie Bank and AFR. I develop economic insights and portfolio construction strategies for BetaShares' retail and adviser clients.