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So what is your point exactly? Say average td rate is 5% (assuming there is fair bit chasing the specials) and most new loans written in the last 6 months were at around 6.5% that's pretty skinny margins. Less than normal for sure.

Have a look at current term deposit rates and what lenders recently paid for their covered bonds. Token Funder has spoken at length about the covered bonds in another thread. With currencey hedge they paid more than loan rates. Look at online savings accounts and online loan providers.. deposits...

Ahh I love a good conspiracy theory...but I don't think so.

That guy is based overseas and not to defend the banks but he is full of it. You only have to look at what they are paying for money presently and it is clear their funding costs have gone up. Paying more than they are lending at..

Do you reckon they have some form of insurance against funding costs escalating. Just thinking about what happened in GFC to some of the non banks ie GE, Wizard, old Rams etc etc.