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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
