Fitch downgraded major Australian banks

Note: This section contains information in English only.
Source: Forexfactory
Fitch Ratings downgraded three major Australian banks: Commonwealth Bank of Australia's, National Australia Bank Limited's and Westpac Banking Corporation's. Meanwhile, rating of Australia & New Zealand Banking Group was affirmed at aa-. The rating agency cited increased vulnerability of the banks to swings in confidence and weak funding profile.


Back to articles

Actual Topics

Fri, 24 Feb 2012 13:16:38 GMT

Lloyds reports annual loss of USD 4.4 billion

Lloyds Banking Group Plc, one of the UK largest lenders, announced its annual loss for 2011 was worse than expected. The total yearly loss amounted to GBP 2.8 billion (USD 4.4 billion) compared to a GBP 320 million loss in 2010, said Lloyds in its statement. Analysts questioned by Bloomberg earlier predicted a loss of GBP 2.41 billion. 

Fri, 24 Feb 2012 12:34:25 GMT

Rice exports to Iraq falls, US farmers disappointed

Iraqi Grain Board has reduced the standards of grain quality its purchases from abroad thus enabling Iraq to buy on price from such countries as India and China. Iraq used to be one of the major importers of the US rice and the halt in imports coupled with unfavorable weather forecasts and growing production prices disappointed US farmers. Experts expect

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.