Are the Australian banks greedy?

Are the Australian banks that have raised interest rates justified or just money hungry dogs ?

Are the Australian banks greedy?credit counseling

They put the W back into Banker

Are the Australian banks greedy? loan

I laughed at the first answer, but the real answer is that they are reacting to what%26#039;s happening with the sub-prime lenders overseas.

The long and short of it is that banks are for the most part (aside from a couple of community-based banks) private businesses and need to make money and charge for their services. In the end, would you want to invest your money in a company that DIDN%26#039;T make a profit? If the bank goes down... in the end, in some way, so do you.|||The NAB is, raising rates before the reserve bank did