Australian bank share prices have tumbled since news that the government could introduce a levy to pay for any future bank bailouts.
The Australian Financial Review’s Phil Coorey broke the news at 11.17am.
Via investing.com, here’s what has happened to the S&P/ASX 200 financials index, which fell more than 1.4% since news broke.
The broader ASX 200 index fell only about 0.87% in the same period:
CBA fell about 1.86%, WBC fell 1.94%, NAB fell 2.06% and ANZ fell 2.02% between 11.17am and about 1pm.