Tim Dower: Banks are a nice, big, slow-moving target, so it's easy to throw mud and have some of it stick

Early Edition with Ryan Bridge · Mar 2, 2023 · 2m

The Banks.

They're a nice, big, slow moving target, so it's pretty easy to throw mud and have at least some of it stick.

Right now, with higher interest rates and more importantly fat margins between what they pay us for our deposits, and what we pay them for our mortgages. The sun is shining for the Banks and they're making' hay.

And the numbers are pretty big. Westpac's most recent result was $1.16 billion for the year, up 12 percent.

ANZ was at $2.3 billion and increased of 20, yeah 20, percent.

You're probably aware from what we've heard his past few days, that if you shop around you…