BACKLASH: The 4 big banks have lifted interest rates independent of the Reserve Bank.
BACKLASH: The 4 big banks have lifted interest rates independent of the Reserve Bank. Contributed

LETTERS: Warning the Big Four banks on profiteering

BANKS please take notice.

We depositors, customers, backbone of the banking system, will not tolerate being screwed.

The Big Banks, the Big 4, are posting extraordinary large profits, in the billions of dollars annually. We will not be gouged towards you wishing to have to put aside a lot of money as security, as insurance in the event of financial collapse.

We demand that you take a heavy portion of the annual profits towards that eventuality. We will vote with our feet, crossing over to another banking institution if you are screwing us, to pay out larger dividends to your shareholders.

Take a slab of funding off the shareholders to build up the security.

BOB FOWKE, Regency Downs

 

OPINION: Letters to the Editor

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