Your bank hybrids are junk

Suncorp Group completed an issue of additional tier one capital notes, more commonly known as hybrids, last month, after receiving strong retail investor demand for the securities. It will pay investors a regular distribution set at the bank bill rate…

Leodaritsis column

A leading ratings agency downgraded a number of Australian financial institutions last week but investors should not be too concerned. Despite the downgrades, the credit ratings of Australian banks are stronger than those of their global peers. While there is…