Bad bank, non-bad bank

Nearly half the world's financial institutions are lightly regulated 'non-banks'. (Image: Pexels)

Wed, 08 Dec 2021

Banks are bad.Just ask Simplicity chief, Sam Stubbs, who spends an inordinate amount of time calling for government inquiries into the alleged fee-gouging Australasian bank cabal.For example, in the wake of a strong profit-reporting season for the big four Australian banks this November, Stubbs told NewsTalkZB: “If you're making that much money and your customers are that unsatisfied, and it's so hard to compete, it's probably worth an inquiry.”But given the big four Aussie financial institutions represent about a quarte...

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