Banks’ shock profits amid cash rate hike - news.com.au

5/9/2022 12:00:00 AM2 years 11 months ago
by Alexis Carey

<p>Australia’s “big four” banks have raked in bumper profits off the back of the nation’s housing crisis, as homeowners brace for months of interest rate pain ahead.</p>

As homeowners prepare to tighten their belts after being hit with a painful interest rate hike, our big four banks are enjoying staggering profits.Australia’s “big four” banks have raked in bumper pr… [+4231 chars]

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Banks’ shock profits amid cash rate hike - news.com.au

<p>Australia&rsquo;s &ldquo;big four&rdquo; banks have raked in bumper profits off the back of the nation&rsquo;s housing crisis, as homeowners brace for months of interest rate pain ahead.</p>

<p>Australia’s “big four” banks have raked in bumper profits off the back of the nation’s housing crisis, as homeowners brace for months of interest rate pain ahead.</p>