Triple jeopardy for Australia's major banks

Sydney

AUSTRALIA'S big banks might have hoped for a better 2016 after raising a record A$20 billion (S$20.3 billion) in new equity last year. How wrong they were.

This week alone, Australia's Big Four - National Australia Bank (NAB), Commonwealth Bank of Australia (CBA), Westpac Banking Corp, and ANZ Banking Group - faced calls to raise further capital, threats to their credit ratings, and a sharp surge in political uncertainty.