Big four banks’ shares climb despite Hayne royal commission report

Photo of Big four banks’ shares climb despite Hayne royal commission report
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ANZ, Commonwealth Bank, Westpac and NAB shares rise as investors seem relieved measures were not harsher

Australian shares rallied at midday led by the big four banks, with investors seemingly relieved that the financial services royal commission had not recommended harsher measures.

ANZ was up 6.5%, Commonwealth Bank added 4.69% and Westpac increased 6.36%.

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#australian economy
#business australia
#australia news
#banking