ANZ Continues to Derisk Asian Business and Strengthen Capital Position
Our AUD 29 fair value estimate for wide-moat-rated Australia and New Zealand Banking Group, or ANZ Bank, is unchanged following the sale of its 20%...
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Trump Not Likely to Halt Decline of US. But Ray Dalio Makes Good Case in Bringing Back Ayn Rand
I was working on a bigger piece on HK vs Singapore which I will put out later, and reviewing political classifications of economies, when I saw a...
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The Dangers of Safety
Since the financial crisis, high risk assets had been buffeted by a discount rate shock, notably a lift in the equity risk premium (ERP). This...
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Australian Banking: A Debt Investor's Guide
Over the past year the Australian banking sector has remained under intense public scrutiny from the regulatory bodies (ASIC, APRA, RBA), the...
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Australia's Major Banks - Shrinking to Greatness, Expanding to Safety
In the first instalment of a series of reports on global banking, Evidente undertakes a comprehensive review of Australia's major banks. These...
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