You are here

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

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to