Australian Major Banks Have $15b to $28b Excess Capital says Morgan Stanley

Beginning with CBA earnings results in August, Australia’s major banks are poised to launch $15 to $28 billion worth of share buybacks during the 2022 financial year according to Morgan Stanley analysts. MS expects a $3.5 billion buyback from Westpac, $4 billion buyback from NAB, and $2.5 billion from ANZ Bank.

Australia To Charge Deutsche Bank, Citigroup and ANZ With Being Criminal Cartel

Australia in an unprecedented move announced it is preparing criminal cartel charges against ANZ and underwriters Deutsche Bank and Citigroup over a 2015 $2.3 billion share issue. Potentially institutional capital raisings in global capital markets will be affected.