Perspectives: Major Banks Analysis - May 2008


Welcome to Major Banks Perspectives 2008. In this edition, we look at how the major banks have and are charting their courses through the current market turmoil.

Six months ago, as the US subprime crisis had begun to roll through international markets, we saw Australian banks as sturdy ships in rough waters. The latest interim profit announcements have confirmed that view. Even as international conditions deteriorated markedly and an equity market rout added to the financial sector’s woes, Australia’s five major banks have navigated their way through the waves and presented creditable results.

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Michelle Tickle
Senior Consultant
Sydney
Tel:+61 2 8266 1133
Major Banks Analysis - May 2008