The NAB’s decision to raise rates proves the argument that the financial sector is a highly regulated oligopoly, which, courtesy of the credit crunch, now faces little, if any competition in home lending, writes Adam Schwab.
Four pillars
New ANZ boss puts a cat among the pillars policy
ANZ’s newly appointed CEO, the $9 million dollar Mike Smith, hasn’t wasted any time in blaming others for the sector’s recent troubles, writes Adam Schwab.
