Recently I’ve been wondering if the banks are also in cahoots with big media in this fight against fintech disruption. You see, I’ve noticed a trend from the mainstream media, particularly the AFR, to start bashing some of the upstart competitors.
At time of writing, the share prices of CSL Ltd [ASX:CSL] and Commonwealth Bank of Australia [ASX:CBA] are up .82% and 2.03% respectively. CSL shares are up nearly 70% and CBA shares are up more than 17% over the last 12 months…
At time of writing, the share price of Suncorp Group Ltd [ASX:SUN] is down 3.28%, trading at $12.10. The Suncorp share price reflects the death of banking, not the immediate pain caused by disasters to the company’s bottom line…
It’s the crisis they didn’t need.
And it’s most certainly the problem we didn’t need either.
In today’s edition of The Daily Reckoning Australia, Jim homes in on what he regards as the most underrated asset class of all: Cold, hard cash.
At time of writing, the share price of Tyro Payments Ltd [ASX:TYR] is up 5.5%, trading at $4.22. The Tyro share price is on a strong run at the moment and up more than 50% from its original IPO price of $2.75….
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