Sunday, May 09, 2010

Banks gouging Australians on fees

Gee, this is hard to believe:

Big banks have used the global financial crisis as an excuse to gouge customers an extra $733 a year while boosting staff pay packets and posting record profits for shareholders.

A University of Canberra study has found banks are overcharging customers through bigger profits on mortgages, higher fees and lower savings rates compared to before the global financial crisis.

Colour me disappointed.


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