We look at an IMF working paper which maps the footprint of the top 30 banks (GSIBs) globally. They control up to 75% of business lines.
https://www.imf.org/en/Publications/WP/Issues/2019/12/27/Post-Crisis-Changes-in-Global-Bank-Business-Models-A-New-Taxonomy-48877
The latest edition of our finance and property news digest with a distinctively Australian flavour.
The RBA has held the cash rate at a 13-year high for more than a year, awaiting further evidence that inflation is irreversibly back...
Given we now have mortgage rates 3% higher than at the start of the year – analysts are asking whether there are yet signs...