Like milk on the doorstep or a good new Woody Allen film, an old fashioned run on a bank was something you thought you’d never see again.
Borrowers
CBA gives a nudge and wink: ditch non-bank lenders
It would have been irresponsible for CBA CEO Ralph Norris to simply tell borrowers to ditch non-bank lenders, to declare borrowers will be hit with significantly higher rates from that quarter, that they’re not as “safe”. That might have sparked something of run on the non-bank businesses. So he did it with a careful nudge and a wink instead.
