Investors are shorting second-tier Australian banks while the majors enjoy their...
) - from its February 2018 start to the last trading week of 2018, amid constant headlines about fee-gouging, cavalier sales tactics and poor governance.
While the inquiry found the smaller lenders generally had behaved better than their bigger rivals, they have suffered sharper falls in lending growth and profitability in the wake of the Royal Commission. Recent updates from Bank of Queensland and Bendigo included the banks’ expectations of higher regulatory costs, highlighting the disadvantages of the smaller lenders.
“The increase in compliance costs and expensive funding will affect the smaller banks more than the larger banks,” said Sean Sequeira, chief investment officer at Alleron Investment Management.
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