Hi All41I wonder who was selling into the pump.Anyway, its not...

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Osi

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42

06/02/19

11:55

Post #: 37347353
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Originally posted by All4One: ↑

Nothing has changed with the banks they are still facing the same penalties for misdeeds with their customers and ACCC or ASIC or APRA have been investigating individuals for corrupt activities during the RI. Those customer payments will continue and the investigations will continue.
Whether the RBA lowers the overnight cash rate or not the banks will raise rates in response to their lending costs, that is just the simple facts for the RBA. The RBA has no say really in what banks charge for the mortgage and lending rates.

Big pump on the banks yesterday with lots of share buy backs and big traders pumping them up imo.
They are all coming down this morning and some are already down -2.3%.

Big pump and dump. Their predicted divi's for the next two year are halved. I would expect the banks will continue their downward trend because of the overall global economic trend and in particular for Australia China, China, China because of the organisation running our country and the previous organisation, (Government). Dont think these organisations have the peoples best interest at heart, they are organisations with their own agenda and their own big donars.

All just my opinion of course and Ive been known to be wrong before.

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Hi All41

I wonder who was selling into the pump.

Anyway, its not the "bankers motivations" that worry me. It's a failed business model that doesn't intuitively add up given expected falling revenue from loans and higher OS borrowing costs.

Banks also need to make provision for fire sales of underwater property.

cheers

Last edited by Osi: 06/02/19
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Hi All41I wonder who was selling into the pump.Anyway, its not...

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