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

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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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