Banking is a beast, and a hungry one at that. To ensure the industry continued to deliver the profit growth shareholders demand, Aussie banks have been lending out more and more money.
Markets chose to take a negative view on the extended period of near zero interest rates signalled by the Fed, says NAB’s Gavin Friend. It’s a reminder that it’s the virus that determines the extent of the recovery, everywhere. https://t.co/VcC49Eumrp