A Bad Month For Australian Banks, On Track For Their Biggest Monthly Fall In Three Years


Banks in Australia look like they are going to have their worst monthly fall in three years, according to Bloomberg News.

The ASX 200 Banks index is down 12% this month, on track for the biggest decline since May 2010.

Westpac is down more than any of the other Big Four, falling 16% as of 12:43 PM AEST.

Read more here.

Now read: Here Is Why The RBA Will Keep The Cash Rate On Hold At Its Meeting Next Week: HSBC

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