The ratings agencies downgraded Australia's banks yesterday with the exception of the Big 4.
I highly suspect they were put up to this by the big 4 as an equaliser to the Governments levy. That is of course only my opinion.
Our big banks need to be striped of all political power by being broken up. We pay such high banking charges comparatively it is disgraceful (an order of $200 - $400 per person per year is what we pay in excess). The govt tries to level the playing field and the banks manipulate with this behaviour in return?!
As always - IMO
Levy announced would be helpful to BOQ, page-21
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