Is it all over for big banks such as National Australia Bank [ASX:NAB]? Investors have had a great run with the big banks in the last few years.
NAB [ASX:NAB] has just released a trading update for the third quarter. On the face of it, things look pretty good for shareholders.
The ASX 200 is not even down 10% from its March highs. The market is up over 40% from 2012, so a 10% correction or more isn’t out of the ordinary.
ANZ [ASX:ANZ] announced this morning that it will raise $2.5 billion. The money will come from a fully underwritten share placement to institutional investors. Citigroup, Deutsche Bank and J.P. Morgan will underwrite the placement.
Residential property investors are railing at banks’ decisions to raise rates on investor mortgages. But rate rises could make other investors much richer.
Investment and ratings firm Moody’s has just released its latest outlook on the Australian banking system. ‘Banking System Outlook: Australia’ says that banks will remain stable in the face of a tough operating environment.
AMP [ASX:AMP] have just announced that they will freeze all investor lending for the time being. That could potentially make it harder for you to invest in property*.
ANZ has just released a new report entitled ANZ Women’s Report: Barriers to Achieving Financial Gender Equity.
According to the weekly poll by ANZ [ASX:ANZ] and Roy Morgan Research, consumer confidence is up again.
Macquarie Group [ASX:MQG] has just released its first quarter FY16 update. They are expecting profits this year (FY16) to be higher than they were in FY15.