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Shares of "Big Four" Australian lenders drop as regulator urges banks to defer dividends

Published 08/04/2020, 10:44 am
Updated 08/04/2020, 10:48 am
© Reuters.

April 8 (Reuters) - Shares of the "Big Four" Australian lenders fell on Wednesday, a day after the prudential regulator asked banks and insurers to consider deferring dividend payouts or use buffers until more clarity on the impact from the coronavirus pandemic.

The Big Four lenders are Commonwealth Bank of Australia CBA.AX , Westpac Banking Corp WBC.AX , National Australia Bank NAB.AX , and Australia and New Zealand Banking Group ANZ.AX .

The shares of the banks fell by up to 4.1%-6.2%.

Latest comments

Since when do the government know how to run a business?They’d be better off trying to figure out how not to run the economy into the ground!
Now is surely a time for Banks and others to preserve capital and liquidity. Clearly, worse to come.
so many people are relying on those dividends, especially now.
so many on Zippo interest too...that won't change soon either..suck it all
so many relying on interest too...not going up soon either
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