Beware of banks bearing hybrids

Hopelessly conflicted banks are shoving term deposit holders into hybrids as a type of capital ratio insurance, despite the hidden dangers for investors.

Australian retirees need to be very wary of becoming cannon fodder in the war between the banks and the regulators over leverage and risk.

In fact it’s already happening: savers are being herded like sheep from term deposits into hybrids by the border collies known as bank-owned financial planners, doing the bidding of their masters.


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