Thursday, June 18, 2009

Banks raking it in amid financial crisis

Australia: "A Reserve Bank report into banks' interest margins has found that they have grown during the global financial crisis.

"Australian banks increased their interest margin (the gap between the rate they borrow for and the rate they lend at) by an average of 9 basis points (0.09 percentage points) during the peak of the global financial crisis in the six months to March this year."

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