It’s not that the Australian share market doesn’t blink when others are going under. It simply doesn’t drop as much as others in times of trouble.
All of the major banks have enjoyed a great run over several decades, steadily increasing their dividends along the way.
There’s a storm brewing and it’s coming in the form of FinTech. If you don’t know what FinTech is, it’s the abbreviation for ‘Financial Technology’.
The Australian Securities and Investment Commission (ASIC) voiced its concerns over Westpac’s credit card screening process.
Australian banks haven’t had a good start to the year. And it might not get any better. The mega giant, Finch Rating, has tipped 2016 to be stable for banks, but profits could be unsatisfying.
Though never convicted, ANZ’s toxic culture may be leading to poor conduct in engaging with markets. Strip clubs and drug use are just some of the accusations.
ANZ Banking Group [ASX:ANZ] has come off its new year start of $27.53. Shares are down 9.12%, but have they dropped too far?
The Australian market doesn’t seem to know that we have entered a new year. Markets are still acting like they were last year, nervous.
It hasn’t been the best of times for our big four banks. What are supposed to be secure institutions, are going to be wearing red instead of green come Christmas time.
The ANZ Banking Group’s share price opened down 2.19 percent on statements made by him on Thursday evening.