This column took at a dig at Macquarie and retail bank chief Ben Perham last week after the RBA’s interest rate hike. Perham had said the bank felt borrowers’ pain and was in their “corner”. Brilliant spin from the high priests of the millionaire’s factory.
Even with its other linguistic shots at rivals, Macquarie was at least raising rates on deposits uniformly to counteract the opposite ones on loans. Star boy Matt Comyn is reading a different memo.
