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Banks have been in the firing line for some time regarding regulatory issues and concerns over credit provisioning. Is the outlook any brighter now?
-Banks should experience resilient returns from SME banking operations
-Yet returns are depressed as major banks are holding excess CET1 capital
-Capital management may still be on offer from all major banks
-Macro prudential policies likely first step for regulators to cool housing market
By Eva Brocklehurst
Australia s banking sector has been facing negative news for some time, provoked by several regulatory slap-downs and concerns over provisioning for the pandemic. Has the outlook improved?
Having sampled the small end of small-medium enterprises (SMEs) regarding attitudes towards merchant acquirers and banking partners, JPMorgan concludes there are some positive aspects emerging.
CIBC, Itaú, NAB and NatWest Group launch carbon offset platform to drive transparency in Voluntary Carbon Market
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新闻稿：澳洲央行7月利率政策声明
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Asian Markets Display Mixed Trend Amid Virus Concerns
CANBERA (dpa-AFX) - Asian stock markets are trading mixed on Thursday, following the mixed cues overnight from Wall Street as the surge in infections due to the delta variant of the coronavirus, and curbs on travel in several countries raised some uncertainty about the pace of global economic rebound and rendered the mood cautious. Asian markets closed mixed on Wednesday.
It is also feared that more countries will likely impose stricter restrictions on movements if the spread of the virus does not show signs of slowing down sometime soon. Investors seemed wary of creating fresh positions, despite recent reassurances from the Federal Reserve that they will continue with their accommodative monetary policies.
Asian Markets Mostly Higher
CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues overnight from Wall Street as the Nasdaq and the S&P 500 hit fresh closing highs. However, concerns about the spread of the highly contagious Covid-19 delta variant in Europe and Asia, and the resultant lockdowns and fresh restrictions on travel in several countries are weighing on market sentiment. Asian markets closed mostly lower on Tuesday.
The Australian stock market is significantly higher on Wednesday, recouping the slight losses of the previous session, with the benchmark S&P/ASX 200 shooting above the 7,300 level, following the broadly positive cues overnight from Wall Street. However, investors remained cautious as they braced for further updates amid a worsening domestic coronavirus situation.