It looks like the Melbourne banks (ANZ, NAB) have got into some more risky stuff, while the Sydney banks (WBC, CBA) have been a bit more conservative. The presentation CBA released to the market on 26/6/08 contains some slides comparing the major banks which are very interesting, although they refer to the other three majors as "peer 1, peer 2, and peer 3". I like the final point in the CBA presentation which says "Low-risk, domestically focussed strategy delivering results". CBA and WBC look the preferable picks in the finance sector IMO.
omg...gapping down 12 percent, page-12
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