It has been a busy period for the banking sector, with ANZ Group Holdings Ltd (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB), and Westpac Banking ...
The Big 4 Banks do not expect any rate rises in 2024. The cash rate has peaked at 4.35%. The RBA may start cutting interest rates in November to December 2024. The next RBA interest rates announcement ...
Thanks to the strong economy, the ASX bank share sector has done quite well during this period of higher interest rates. However, there are still danger signs, particularly with arrears rising.
And market watchers say the industry faces a profit pinch point as the need for spending on tech and systems looms. During the latest reporting cycle the big four banks revealed a combined $15bn ...
Market watchers had been saying for months the mid-year reporting cycle would mark the peak for the banking sector and the numbers reported back up their predictions. And market watchers say the ...