Comments on: CBA CEO says will raise variable rate more than RBA if needed

By: Graeme Clark

Graeme Clark — Wed, 11 Nov 2009 05:04:10 +0000

Congratulations Ray
It is time we voted with our feet and let the big banks know that their attitude to customers and the Brokers that have helped them become the largest lender in Australia, is not acceptable.
When they take some of a Brokers commission on the pretext of GFC and we do nothing about it we are actually telling the Bank management that we agree with their actions.
When they increase rates by more than the RBA increase and borrowers and brokers accept that, they too are telling the Bank Board that that action was acceptable.
Unless we let them know with our feet they will nevewr know how we feel about it.
In fact we are almost saying we like it…
Lets all band together and completely STOP putting loans to lenders that behave badly.
There are some perfectly good non bank lenders out there that are prepared to do deals.

Graeme

By: Ray

Ray — Wed, 11 Nov 2009 03:23:43 +0000

*laughing* - I have just sent this CBA press release to all my clients and can guarantee NOT ONE of them will ask for a CBA finance in future.

The CBA is doing a super great job of alienating itsef from the other big lenders and borrowers !!

By: Damien

Damien — Wed, 11 Nov 2009 03:08:40 +0000

“Mr Norris said deposits, one of the major sources of bank funding, were were now 0.75 to one percentage point more expensive for bank than before the global financial crisis”

What you forgot to mention Mr Norris is that since then CBA are still gauging approximately 0.90% off all it’s homeloan customers and an additional 0.25% from the Brokers, so I think your “shortfall” is well and truely paid for, and this gauging will pay for it many times over as it will never be returned to where it rightfully belongs.

There is no GFC at CBA , just look at the lastest profits!

Enough of this greed already