Banks being forced to hold hold more reserve liquidity.
Bank profits will probably be hit.
Investors in banks didn't like this announcement, is there any good economic news anywhere?
All this bad news is just bound to destroy confidence in investing.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 0 Last Trade Today's Change Volume Trades Open Today's High Prev. Close Today's Low 1 85.440 -0.350-0.410% 1766771 18686 85.580 86.830 85.790 85.000
Business in 90 Seconds
Posted about 3 hours agoMon 13 Jul 2015, 12:28pm
In this update: the banking regulator indicates the big four will face tougher funding requirements; plus the latest from the markets.
short vid here:
http://www.abc.net.au/news/2015-07-13/business-in-90-seconds/6615584
Aust Banks Higher liquidity requirement
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