Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

Why the RBA is worried about the banks

Intelligent Investor

Independent Financial Research

Why the RBA is worried about the banks. After announcing an $8.68bn profit, the CEO of the country's biggest home lender claimed that Australia's house price boom - yes, another one - was nothing to worry about. That's par for the course in CEO-land. The last thing Commonwealth Bank shareholders need is Ian Narev talking up the risks of a property market crash. When your dividend cheque depends on a buoyant market for home loans, to say nothing of Narev's multi-million dollar bonus, why scare the horses? Following the money usually leads to the most likely explanation in such matters. The Reserve Bank has no such excuse, which is why its recent call to protect the banks from more competition because the RBA is worried about house prices is altogether more perplexing. Read the whole article: (VIEW LINK)


Intelligent Investor
Intelligent Investor
Independent Financial Research

Intelligent Investor is an independent financial research service with a 14-year history of beating the market. Our value investing approach empowers Australians to make more informed decisions to build their long-term wealth. We off structural...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.