They face headwinds in calls for more capital, threats to their credit ratings, and a sharp surge in political uncertainty
Sat, Jul 09, 2016 - 5:50 AM
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.
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...