Business
This chart shows why big banks are in trouble – Motley Fool Australia
As COVID-19 struck, the big banks were quick to provide flexibility for customers in trouble. But that hasn’t improved their image much.
The coronavirus pandemic has shaken Australia’s major four banks.
The big banks have been forced to assist financially stricken customers and have cut or stopped their usually reliable dividends.
Moreover the second wave of COVID-19 in Victoria has dented the prospect of a swift recovery in the national economy.
And now Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), National Australia Bank Ltd (ASX: NAB) and Australia and New Zealand Banking GrpLtd (ASX: ANZ) have…
-
Noosa News23 hours agoSerious traffic crash, Noosa – Sunshine Coast
-
Noosa News23 hours ago$20 million program to help women return to work
-
General19 hours agoAustralia’s Diamonds defeat South Africa’s Proteas 65-42 in third netball Test
-
General20 hours agoThousands join pro-Palestinian rallies in towns and cities across Australia amid ceasefire