Page 3 - Jon Mott News Today

Big banks reported combined cash earnings of $17.1 billion in their first halves, up 19 per cent, but they have just gone over the peak of their profitability.

Both ANZ and NAB reported healthy interim cash profits but the core business of lending and borrowing isn’t as profitable as it used to be, particularly in a rising rates environment when banks would usually rake in super profits.

The scramble for customers in the $1.4 trillion household deposit markets comes after Jim Chalmers directed regulators to investigate competition in the sector.

The county sheriff, mayor and school district superintendent were among those who wrote letters to the judge vouching for Jon Mott's character.

Jon Mott from Flippin, AR, was sentenced to 30 days in jail, 3 years probation and over $1,000 in fines and restitution for involvement in Jan. 6 Capitol riot.

Some investors say the fallout from banking disasters might bring Macquarie’s winning streak to an end.

The country’s largest banks are consolidating their lead over smaller rivals, growing their share of the ultra-competitive mortgage refinancing market even though it is damaging returns.

Regulators have gone beyond global banking regulatory requirements in several important areas, which has paid off in the weeks of turmoil after the failure of SVB.

The competition regulator’s chairwoman, Gina Cass-Gottlieb, says the review will look at the “frictions and impediments” to savers easily switching products.

The speed with which the banking crisis has rolled out, and government support has rolled in, raises big questions for investors.