Australian watchdog says banks chose profit as interest rates fell last year
Australia’s “Big Four” banks chose
profits instead of passing on three interest rate cuts to
customers last year, the competition watchdog said, after they
faced criticism for not doing so and the government ordered an
investigation.
profits instead of passing on three interest rate cuts to
customers last year, the competition watchdog said, after they
faced criticism for not doing so and the government ordered an
investigation.
Posted by Reuters
