I work in the banking industry and NAB got hammered the hardest because they have the highest exposures to business banking, considered much higher risk than residential. CBA is the crown jewel and this is reflected in the fact it dropped about 10% less than all other banks during the recent lows.
Disclosure: I dont work for or hold shares of either CBA or NAB but happy to call it as it is.
UK launch & Zip biz -Next Month, page-274
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