No Surprises in ANZ Bank's Sale of NZ Asset Finance Business
The sale of Australian and New Zealand Banking Group’s asset finance business in New Zealand was well flagged, but the 1.6 times price/book value...
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ANZ Continues to Derisk Asian Business and Strengthen Capital Position
Our AUD 29 fair value estimate for wide-moat-rated Australia and New Zealand Banking Group, or ANZ Bank, is unchanged following the sale of its 20%...
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The Dangers of Safety
Since the financial crisis, high risk assets had been buffeted by a discount rate shock, notably a lift in the equity risk premium (ERP). This...
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Australian Banking: A Debt Investor's Guide
Over the past year the Australian banking sector has remained under intense public scrutiny from the regulatory bodies (ASIC, APRA, RBA), the...
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Australia's Major Banks - Shrinking to Greatness, Expanding to Safety
In the first instalment of a series of reports on global banking, Evidente undertakes a comprehensive review of Australia's major banks. These...
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