Do you trust the banks? Moves are being made to address the Deposit Bail-In Risk.
Banks fear a property tsunami so are allowing investors to extend their interest-only loans.
ANZ Profits Crash and No Dividend will be paid.
Unemployment is looking to reach 2 Million people.
Australian banks have crashed due to bad credit fears.
Bank shares plunge.
Why are our banks acting as morality police and corporate virtue signalling?
#Finances #Banks #HeiseSays Banks are acting as moral police and freezing accounts and banning clients. References Bank of Queensland ‘reviewing’ no tattoo parlour policy after Gold Coast artist’s accounts frozen https://www.news.com.au/finance/business/banking/bank-of-queensland-reviewing-no-tattoo-parlour-policy-after-gold-coast-artists-accounts-frozen/news-story/dd0dc298ff50601bd062af681b0a6541
#SteinChats #Economics #JohnAdams Join my guest, Economist John Adams, for a chat over a stein.
#APRA #BankBail-In #Bail-In Bank Bail-Ins is a drastic measure that seems to punish savers while absolving bankers of risky and foolish behaviour. Let’s look at what a bail-in is and the human cost from the Cyprus Experiment in 2013. Then ask yourself if you trust our leaders in Australia that are telling us not to […]