Credit ratings agency Moody's has revised its outlook on the Big Four banks to negative, citing challenges in the operating environment and to profit growth as reasons for the downgrade. Moody's said the outlook change reflected the expectation for challenges in the remainder of 2016 and beyond for the Commonwealth Bank, NAB, ANZ and Westpac, which could lead to a deterioration in profit growth and asset quality and an increase in sensitivity to any external shocks http://mobile.abc.net.au/news/2016-...utlooks-of-big-four-banks-to-negative/7765880
All depends on Janet Yellens next move does'nt it? When is The Feds next meeting? And the article does'nt mention anything about the 'Big 3' car manufacturers shutting down factories which is going to lose 200,000 jobs.
Much more important that the reserve. But I'm betting trump will be asking Yellen to hold interest low, as he borrowed a shitload.
