The fact is this… We — the taxpayer — are being asked to underwrite the risks of private businesses. In the modern world, profits are private; losses are social.
Recently I’ve been wondering if the banks are also in cahoots with big media in this fight against fintech disruption. You see, I’ve noticed a trend from the mainstream media, particularly the AFR, to start bashing some of the upstart competitors.
The Westpac share price is climbing back up since the New Year, after the AUSTRAC scandal wreaked havoc on the company. We take a quick look at whether this is a buying opportunity.
It’s time for the banks to face the music that has been playing for 126 years. It’s time to pop the mother of all bubbles.
Whether we like it or not, almost anyone with superannuation will likely have a holding in each of the big four banks. Banks are fighting on many fronts. Not least of all is capital. If they need to hold onto capital, that may mean further reductions in dividends. There is also the issue of margins and low rates...
Are Australia’s banks finally starting to crack? It would appear so…The recent earnings falls are just the beginning…
The big banking model is on its way out. Not even the insiders think it’s the way banking will be done in the future.
How free are you really when you’re forced into risk when you shouldn’t have to be? You’re not free. But you can be.
Bitcoin is not really used to pay for things yet. It’s more of a digital gold. A scarce asset. And this is likely to be the main use case for bitcoin until it gets to a value — and we’re talking a global value — where people think it’s fairly valued and are therefore willing to spend it.
Anytime something out of the ordinary like this happens, you have to be ready to act, as these things can escalate fast. Could it be a sign that big banks are struggling under the weight of a legacy of mistakes? Or a sign the current system of finance is in its death throes?