https://en.wikipedia.org/wiki/State_Bank_of_Victoria
A brief summary, Tricontinental, the investment arm, also collapsed and the state government couldn't save either. A lesson as to what happens when banks are over exposed to housing during times of rapidly rising interest rates.
Just did a quick chart and we have hit the 61.8 retracement which is a number many of the stocks I have on watch have traded at today. If it fails here I'd be buying at $17 for my super fund but that is just my own view.
Life after buyback: what next?, page-236
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Last
$31.24 |
Change
0.160(0.51%) |
Mkt cap ! $107.8B | |||
| Open | High | Low | Value | Volume |
| $31.14 | $31.24 | $31.03 | $275.0M | 8.824M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7500 | $31.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.24 | 5608 | 2 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| WBC (ASX) Chart |