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 News18 hours agoWoman was watching keepers work when lion attacked, Darling Downs Zoo says
-
Noosa News17 hours agoWorking for someone else made it hard to care for my daughter. So I quit
-
General21 hours agoDeveloper warns wind energy capacity may not be ready by WA coal deadline
-
General14 hours agoQantas ‘contacted by potential cybercriminal’ after attack on data of up to 6 million customers