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…
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