Archive for John Phillips
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Trillion dollar baby
Like overprotective parents, the Big Four banks still have a tight rein on Australia's residential lending playground BY JOHN PHILLIPS March 2010 heralded a new landmark in the Australian debt obsession, with outstanding residential lending held by banks passing one trillion dollars for ...
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Measuring mergers
The industry has watched St. George and BankWest closely, but what's on the horizon for ACCU and S&L? BY JOHN PHILLIPS The judge of a successful merger between financial institutions requires both entities to not only maintain the existing customer base, but also continue growing, while ...
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Saving for a rainy day?
Commonwealth Bank and Westpac have stormed to the lead in bank deposits as Australians continue to hoard their cash BY JOHN PHILLIPS The now infamous but more understood Global Financial Crisis spooked investors into overweight cash asset allocations for safety in recent years, but new figur...
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Double trouble
Did the ACCC inadvertently allow the big two banks to corner half of the mortgage market when it allowed their respective mergers? The Australian Competition & Consumer Commission underestimated the potential customer acquisition power of the 'big two', Westpac and Commonwealth Bank, when the d...
