Normally don't listen to fm stations. But couldn't change the station in the sons car. Triple M during a news segment gave the banks a working over regarding not adjusting credit card rates after recent rate falls . I normally don't feel sorry for the banks but I do now. The political pressure being applied to them is ramping up . Ian Narev got grilled in the last couple of days as well over multiple issues.They have no choice but to keep moving away from the higher risk lower end of the market. It's all bad news for them . I kid you not , within 10 minutes there was an add for money3 on Triple M , bright and breezey . Seems they are attacking the market. Few ceo's have the luxury of deploying capital at the rates of return Mny does. Giving money back to shareholders via dividends is rediculous in the extreme.
MNY Price at posting:
$1.77 Sentiment: Hold Disclosure: Held
