Rba says banks lifted rates to boost profits but the impact was limited by the lack of sufficient credit to service the newly-issued mortgages

Rba says banks lifted rates to boost profits but the impa더킹카지노ct was limited by the lack of sufficient credit to service the newly-issued mortgages. The government was forced to act and the credit crunch, in which the country’s private sector plunged into a tailspin, was eventually averted.

Banks, which lost nearly 40% of their value between 2008 and 2012, have become the subject of intense legal action. The government is facing claims of criminal wrongdoing by its banking staff for allegedly rigging the market, as well as 바카라by members of Congress and activists for transparency.

Some critics blame the gov카지노 사이트ernment for pushing banks into the shadow banking system which is an opaque system in which bank accounts are held, transferred and then cleared by the bank on credit.