Fitch downgraded major Australian banks

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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.


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Fri, 24 Feb 2012 13:16:38 GMT

Lloyds reports annual loss of USD 4.4 billion

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Fri, 24 Feb 2012 12:34:25 GMT

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