Opinion
Big banks have never faced more competition
The major banks' return on equity has crashed down towards their cost of equity, which is forcing them to be priced at much closer to book value.
Christopher JoyeColumnistThe competition regulator's inquiry into the big banks, and the front book/back book fracas that reportedly precipitated it, is bogus.
Let’s get a few facts straight.
Loading...
Christopher Joye is a portfolio manager with Coolabah Capital, which invests in securities, including those discussed in his column. Connect with Christopher on Twitter.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Personal finance
Fetching latest articles