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…
-
General13 hours agoFarmers develop ‘autofill’ tech so agricultural robots can operate around the clock
-
Noosa News19 hours agoRevealed: 75 Qld suburbs you could afford to buy in if lending standards drop
-
Noosa News19 hours agoNowhere is growing like this corner of Queensland. It’s changing the political game
-
Noosa News15 hours agoShoe found as police hunt killer of woman found in Brisbane River