What matters this week
The banks. The big-4 were down this week, not withstanding the increase in the market yesterday. ANZ -4.5%, Westpac -3.9%, NAB -2.3% and CBA -2.0% (at the time of writing). Concerns about bad debt provisioning, along with impacts from the Basel reforms, are bringing the banks down to earth with a thud.
This week's W&D provides a FYTD performance update on the banks, as well as some information on bad debts and the Basel reforms.
It was a quiet week on the company news front - 360 Capital only.