Maquarie says a 1 per cent increase in interest rates has a 12 per cent to 31 per cent impact on the disposable income of households.

Banks can expect another whacking

OPINION: Bank bashing is one of Australia’s favourite sports, and while it is generally played when banks are behaving badly, there is a time when the banks become political footballs for playing well, which is what will probably happen next week – for 16 billion reasons.


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West Perth
And don't forget the bank employees who are being let go (500 at NAB) because of ‘increased headwinds and costs’. What a joke. Name another industry that lets so many staff go, so regularly?

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