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Australian banks have a good thing going down under: they are the most profitable in the world in terms of profits as % of GDP. They may not make as much in pay
by jn4 10y ago
Australian banks have a good thing going down under: they are the most profitable in the world in terms of profits as % of GDP. They may not make as much in payments but seem to have plenty of money making options.
[1] http://www.news.com.au/finance/economy/australian-economy/australian-banks-top-global-list-as-labor-persists-in-demands-for-a-royal-commission/news-story/aefa72c371555ced47804f9604c25c7c http://www.news.com.au/finance/economy/australian-economy/au...
- chris_wot 10y agoYeah, but they are also tightly regulated by APRA and when the GFC was happening and everyone else was worried about their banking system ours was stronger than ever.