A piece on the Australian Financial Review on short selling of Australian banks
Not FX ... but I've seen a few comments on Aussie banks so I thought I'd post up the link
But the Australian banks are even more vulnerable to selling from global investors according to CLSA banking analyst Brian Johnson
He cites:
- Fears about a China contagion;
- rising bank funding costs as credit markets soften;
- discounting banks on home loans
- and indications that Australian banks will need to raise even more capital in years ahead
And notes, short selleing of Commonwealth Bank is the highest level since July 2012.
