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Australian Banks Must Increase Fees or Expand Loans to Remain Profitable
Australian Banks Must Increase Fees or Expand Loans to Remain Profitable
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The news that's all the rage today is Westpac's (ASX: WBC) $19 billion bid for St. George (ASX: SGB). It would create the biggest bank, by assets, in Australia. So... should we care? Big five? Big four? Big deal!
Is it a big deal if you're an investor? That depends on whether you believe the banks are a buy. If one bank is buying another bank, then at least one bank thinks banks are a buy. But why? And is what's good for one bank good for the investor?
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Sim'
This is a general comment only and does not constitute advice. Before making financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
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