Fitch Gets a Twitch about Oz / NZ Banking Sector
Ratings agency Fitch has downgraded its view of Australian and New Zealand banks, warning of further headwinds against earnings and asset quality.
Read MoreTag: ANZ – CBA – NAB – MQG – WBC
Afterpay Touched by Bank Rotation
Was last week a one-off reshuffle of investor sentiment towards financials or has there been a deeper transition in the market with the big banks firmly back in favour at the expense of fintechs?
Read MoreBank Levy Legislation Clears Parliament
The Federal Government’s bank levy legislation passed through parliament on Monday night and the $6.2 billion charge will become law shortly, and for all the protestations from the five banks involved – Commonwealth, NAB, ANZ, Westpac and Macquarie – there’s no sympathy whatsoever for them among regulators, if the Reserve Bank’s view is any guide.
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