Australia's banks are bleeding hot money

If just the Fed's hint at a potential quantitative easing wind-back was enough to slug Australian bank stocks, be wary of broader market effects when QE actually ends.

The most recent statement from the US Federal Reserve Board’s open market committee was released on May 1. Since then the four major Australian banks have lost about $40 billion of market capitalisation. It’s not a coincidence.

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Stephen Bartholomeusz

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