As Interest rates soar, bankers across the world are under fire for making big profits on the widening gap between what they charge borrowers and pay to savers
In Australia, Big Four banks are under pressure to pass on interest rates to deposit accounts. Meanwhile, in Indonesia, one lender has a spread of as much as 11.99%!
“Banks might be enjoying this profitability boost for now,” a senior financial lecturer told Bloomberg, warning it will be “probably at the cost of losing more depositors”
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