Business
Why the banks are back in the ASX 200 spotlight
Australia’s big four banks haven’t exactly had the best of runs lately.
To refresh your memory, we’re talking about the multi-billion-dollar market leaders here: Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), Australia and New Zealand Banking Group Ltd (ASX: ANZ), and National Australia Bank Ltd (ASX: NAB).
Between royal commissions, plummeting interest rates and an economy-stalling global pandemic – to name just a few issues – it would seem they just can’t catch a break.
Indeed, the share prices of all 4 of the big four are still well down in 2020. Worse still, if you’d bought shares in any of the big four banks 5 years ago, in November 2015, every one of them would currently be trading…
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