Q+A: Why the big banks are spending so much money

Three of the big four banks have all reported results - NAB, ANZ and Westpac - with the CEOs of all three less than two years into their roles. It's a highly competitive sector across business banking, home lending and deposits. But the expense to income ratio across the big banks is over 50 per cent – the highest level in 15 years. Sean Aylmer speaks to Noel Williams, PwC Australia’s Banking and Capital Markets Leader, about the key trends within the big bank results. EXCLUSIVE NordVPN Deal ➼ https://nordvpn.com/fearandgreed . Try it risk-free now with a 30-day money-back guarantee 🌍 Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.