Via Banking Day:
If Australia’s major banks have retained any vestiges of complacency, that will be rubbed out by the comments from the Lafferty Banking 500, which rated 500 banks from 73 countries for their overall quality.
The report card from Lafferty’s team of analysts ranked three of the four majors as substandard versus their global peers. Commonwealth Bank was assessed as the best of them, and came in at barely average.
