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Triple jeopardy for Australia's major banks

They face headwinds in calls for more capital, threats to their credit ratings, and a sharp surge in political uncertainty
Saturday, July 9, 2016 - 05:50
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DOWNGRADE POSSIBLE: Ratings agency Standard & Poor's on Thursday put the ratings of major Australian banks - NAB, ANZ, as well as CBA and Westpac Banking Corp - on negative outlook, implying a one-in-three chance of losing their AA- ratings within two years.

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

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