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Big four banks mauled in bear market

2015-08-23 11:50:21| Automakers - Topix.net

All of Australia's major banks are in bear-market territory after investors wiped more than $85 billion off their combined market value this year - a drop of more than 20 per cent. The share price plunge has been sharpest for Asia-focused ANZ Banking Group, which has resulted in it being narrowly overtaken by National Australia Bank as the country's third-largest lender measured by market capitalisation.

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