Banks can pay Dividends.
ANZ Bank has made the snap decision to permanently close ten branches on Friday.
Westpac profits plunge but they won’t bail in redraws like ME.
Job Advertisement have crashed over 50%!
ANZ Profits Crash and No Dividend will be paid.
Open Banking has been delayed in Australia.
Bank shares plunge.
#Banks #Profits #HeiseSays The profits of the big four plunge. References Banks’ messy results will not cloud the not-so-pretty picture https://www.abc.net.au/news/2019-10-27/banks-messy-results-will-not-cloud-the-not-so-pretty-picture/11639074?section=business
#JobAdvertisements #Recession #Employment Job advertisements have plunged in the latest data released by ANZ. References https://media.anz.com/content/dam/mediacentre/pdfs/jobads/2019/September/ANZ%20Job%20Ads%20Aug%2019.pdf
#AusPol #Recession #MortgageDelinquencies Australian mortgage delinquencies are on the rise. This does not bode well for the economy and is another sign of the impending recession. References https://www.abc.net.au/news/2019-05-02/negative-equity-on-the-rise-as-house-prices-continue-to-fall/11061780