Investors wary about testing the big four banks
The big four banks share prices all fell yesterday on news that the International Monetary Fund would carry out mandatory stress tests to ensure Australian lenders could withstand another financial crisis.
Westpac, ANZ and National Australia Bank shares all fell at least 1.5 per cent while shares in Commonwealth Bank slipped 1.1 per cent.
The IMF has targeted the financial systems of Australia and 17 other countries for rigorous testing as part of a mandatory five-year check-up of the world's 25 biggest financial sectors.
Source: Herald Sun