S&P

Christopher Joye

In the AFR I discuss the bifurcation between equity and debt, the major banks' funding needs, NAB's unique approach to integrating trading and sales up and down the capital structure, and prospective rating changes for bank subordinated bonds and hybrids (click here to read for free or AFR subs can... Show More

Christopher Joye

In The AFR I again take no prisoners (as one bank CEO told me!) with my beloved central bank, arguing that S&P has slapped it in the face on housing with its downgrade of the credit outlook of the Australian financial system to "negative" on the back of its worries... Show More

Livewire News

Standard & Poor's has cut its credit rating outlook for second-tier Australian banks, highlighting the growing risks to lenders from rising property prices and household debt. The credit rating agency on Monday lowered its credit rating outlook for 25 financial institutions in the country, including Bank of Queensland, Bendigo and... Show More

Nicholas Forsyth

The Australian Banking Index is finally enjoying some time in the sun rallying over 10% during the last month. Their results have not been as bad as feared by many and of course they received a big shot in the arm from the RBA when they lowered interest rates to... Show More

Nicholas Forsyth

Over the last 6 years the average range for December is 284 points with extremes at 189 and 344 respectively. The average trading range for these recent Decembers has relatively large extremes but it is very comparable to the typical November retracements of 7% (7.5% for this November). So, if... Show More

John Robertson

The S&P needs more earnings to compensate for less favourable interest rate effects. The estimate for June quarter S&P500 earnings (shown in the red marker in the chart) is 9.6% higher than operating earnings in the March quarter and 3.6% lower than earnings in the 2014 June quarter. The responsiveness... Show More