With IOP & POO coming back to normal levels & beyond, IOP might be $90 soon and POO could be anything up near $100 US (WTI and Brent), the possibility of widespread bad debts in Australian household lending (full recourse loans) is close to the lowest credit risk anywhere.
The week's bank stock falls can b explained in that APRA is trying to get a result out of the Basel Committee IMHO for the benefit of its banks at the expense of other foreign domiciled banks. Also, a degree of shadow boxing is happening pre-Tuesday's rate fall. Bank capital levels will not influence their SPs to the degree currently reflected in their downtrodden prices.
Australian banks can always de-consolidate their wealth arms, insurance pieces and non-core assets like NAB's selling of 34.6% of Great Western Bankcorp:
http://www.smh.com.au/business/bank...stern-bancorp-for-us430m-20150501-1mxh7e.html
NAB might also sell MLC
http://www.theaustralian.com.au/bus...divest-life-unit/story-fnjw8txa-1227294841908
ANZ selling Indonesian non-core assets to Mizuho's robots
http://www.dealstreetasia.com/stories/anz-said-to-revive-talks-to-sell-924m-bank-panin-stake-5528/
CBA might float or sell Colonial First State (CFS), Bankwest and ASB in NZ. Ian Narev might divest the stuff bought by Ralph Norris at a fire sale several years back like Bankwest, ASB and CFS like Westpac did with BT Investment Management.
http://www.smh.com.au/business/16m-man-worth-every-cent-to-cba-20110722-1hrx6.html
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$29.82 |
Change
-0.230(0.77%) |
Mkt cap ! $88.96B | |||
| Open | High | Low | Value | Volume |
| $30.05 | $30.16 | $29.64 | $110.7M | 3.714M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $29.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.88 | 3455 | 1 |
View Market Depth
| Last trade - 16.12pm 22/07/2025 (20 minute delay) ? |
| ANZ (ASX) Chart |