The big banks are about to strangle their golden goose
Institutions big and little have stormed into business banking in the past five years, attracted by strong growth and fat margins. But the party might be over now.
For Australia’s big banks, the business banking segment has been the perfect hideout from the ravages of the mortgage war.
A place where net interest margins would hold up. Where revenue was growing. Where competition was less intense. Where profitability and returns were actually rising.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
