The RBA study shows that the big four increased interest margins, while small bank margins fell
Business bears brunt of interest margin increase
By online business reporter Michael Janda
A Reserve Bank report estimates the major banks have enjoyed a 20 to 25 basis point increase in interest margins during the financial crisis.
It is not the first time the RBA has put out a report showing how the big four banks have managed to maintain profits during the global financial crisis by subtly increasing the gap between funding costs and interest charged on loans. More
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Employment expected to remain steady
Most economists are expecting unemployment in Australia to remain steady at 5.3 per cent.
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Confidence flat on rate rise
A leading private survey has shown resilience among Australian consumers, despite the interest rate rise in March.
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Inflation risk
The Reserve Bank has said one of Australia's greatest challenges in the years ahead will be to boost the supply of new houses and skilled workers.
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Employment myths cloud Social Trends survey
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Young jobless bear brunt of economy's slide
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Rate rises on the way
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China warns of double-dip recession
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Lehmans accused of disguising insolvency
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Business bears brunt of interest margin increase
- Employment expected to remain steady
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EU targets traders in response to Greek crisis
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RBA warns of housing, worker inflation risk
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Consumer confidence flat as rates rise
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Business confidence bounces back
- Tourism industry on the up
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Financial struggles in the 'old world'
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Iceland votes against deal to repay debt
- Germany not bailing out cash-strapped Greece
- Steady jobless rate not enough for Obama
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China economy truly extraordinary, says Wen
- More austerity shores up support for Greece
- 'Bankrupt' Greeks told to sell their islands
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Financial crisis 'a bonanza' for big banks
Featured Tag: international-financial-crisis
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Photos
A small 'National Building Project Economic Stimulus Plan' sign sits on the power box for the new playing field lights in Helensburgh, 45km south of Sydney, September 17, 2009. (User submitted: Richard Smart)
In Depth
Better conditions in financial markets have been accompanied by some improvement in economic prospects. Despite these positive signs, the rate of job loss remains high.
US Federal Reserve Chairman Ben Bernanke on the outlook for the US economy
- More austerity shores up support for Greece
- China's 'big elbows' may slow Western growth
- Low unemployment masks army of underemployed
- Charities survive financial crisis in 'relatively good shape'
- Corporate crooks take advantage of GFC cuts
- Economist Keen to walk Canberra-Kosciuszko
- Regulation driving banks bananas
- Aussie property obsession extends to foreclosed Florida homes
- Dollar parity possible in 2010
- Big bank dominance to continue in 2010
