Australian banks are leeches on our economy
Back in 2004, the Commonwealth Bank helped itself to a $4 fee when I withdrew the equivalent of $800 Australian dollars from a automatic teller machine in Vienna. The costs incurred by the bank itself...
View ArticleANZ’s Asian expansion: Divine or doomed?
‘I have been a subscriber to The Intelligent Investor since June 2004 and, for some time now, I have wanted to write to you expressing my annoyance and disagreement with Greg Hoffman’s continued...
View ArticleBasel III: Blue sky or bailouts ahead?
Recently I attended a FINSIA presentation laying out the Basel III framework. If I haven’t lost you already, the framework stipulates the rules governing the amount and type of capital that a regulated...
View ArticleBanks structured to deliver poor advice
Something odd occurred last week, something that almost never happens in business, let alone financial planning, a sector famously impervious to the needs of its customers. An industry body – in this...
View ArticleTime to sell the banks?
Success creates its own problems, especially in investing. That’s especially true of many investors’ holdings in the big banks, which frequently break one of investing’s golden rules – portfolio...
View ArticleThe challenges of ethical investing
Ethical investing is only for the naïve, right? With the carbon tax dead and the renewable energy target for the chop, Australia’s renewable sector is going the way of the dodo. What’s the point of...
View ArticleAustralian banks take China punt
Although the bursting of China’s credit boom would have serious consequences for investors in resource stocks, shareholders in Australia’s biggest banks have plenty to be concerned about, too....
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