For anyone who doubts we are all being milked by the monied class (Here and oversseas) take a look at this revelation:
“ANZ profit up 75 per cent. Yes 75 per cent

[from] Dave Richardson
We would not normally comment on unaudited quarterly updates from Australian banks but this was a doozie. The figure is for the December 2025 quarter (October to December) and compares with the average of the July and September quarters of 2025.” Source: The Point — The Australian Institute today

#AusPol #BankProfits #Economy #EatTheRich #TaxReformNow

https://www.rnz.co.nz/news/business/562757/money-in-transaction-accounts-costing-new-zealanders-billions He said it was customer inertia that also delivered higher profits to the banks, because they could make money from the cash sitting in the accounts.

But he said banks should be encouraging customers to check that they had their money in the right accounts. Sure Jan. #nzpol #bankprofits #rhymeswith

In the UK the mortgage rate war
To borrowers brings fortune and more
Yet banks are dismayed
As profits start to fade
Their bottom line is now at the fore

#ukmortgage #ratewar #bankprofits #borrowers #limerick #poetry

https://www.reuters.com/world/uk/uk-mortgage-price-war-set-cheer-borrowers-pinch-bank-profits-2024-01-05/

$1.56 billion, or $312 from every Kiwi pocket has disappeared across the ditch.

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#BankProfits #NeoBank #NewZealand