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.
https://en.wikipedia.org/wiki/State_Bank_of_VictoriaA brief...
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Last
$34.42 |
Change
-0.150(0.43%) |
Mkt cap ! $118.0B | |||
| Open | High | Low | Value | Volume |
| $34.70 | $34.85 | $34.38 | $37.45M | 1.085M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1983 | $34.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.43 | 1315 | 13 |
View Market Depth
| Last trade - 12.31pm 27/06/2025 (20 minute delay) ? |
| WBC (ASX) Chart |