dividend killer

Dividend killer

Oct 31, 2013 (Menafn - The Australian Financial Review - ABIX via COMTEX) --The Australian Prudential Regulation Authority has acted on advice from the International Monetary Fund (IMF) and told the major banks to limit dividend payouts to investors. The IMF warned that the dominance of the Commonwealth Bank, Westpac, the ANZ Bank and National Australia Bank poses risks to the economy. The four banks hold 80 per cent of banking assets and 88 per cent of residential mortgages.

Publication Date: 1 November 2013

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY
INTERNATIONAL MONETARY FUND
FINANCIAL STABILITY BOARD
BANK FOR INTERNATIONAL SETTLEMENTS.BASEL COMMITTEE ON BANKING SUPERVISION
COMMONWEALTH BANK OF AUSTRALIA - ASX CBA
WESTPAC BANKING CORPORATION - ASX WBC
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - ASX ANZ
NATIONAL AUSTRALIA BANK LIMITED - ASX NAB
BANK OF AMERICA CORPORATION
BARCLAYS BANK PLC
BNP PARIBAS SA
CITIGROUP INCORPORATED
CREDIT SUISSE AG
DEUTSCHE BANK AG
THE GOLDMAN SACHS GROUP INCORPORATED
HSBC BANK PLC
LLOYDS BANK PLC
MORGAN STANLEY AND COMPANY INCORPORATED
UBS AG
MACQUARIE GROUP LIMITED - ASX MQG
KPMG
STANFORD UNIVERSITY
AUSTRALIAN CENTRE FOR FINANCIAL STUDIES




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