Original article by Jonathan Shapiro
The Australian Financial Review – Page: 30 : 11-Jun-15

JP Morgan has suggested that Australia’s four major banks will have to undertake equity raisings totalling $A14bn to comply with proposed capital requirements. However, Citigroup believes that the banks can comply with any changes to capital rules via their dividend reinvestment plans. National Australia Bank recently raised $A5.5bn via a rights issue.

CORPORATES
JP MORGAN AUSTRALIA LIMITED, CITIGROUP PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, BANK FOR INTERNATIONAL SETTLEMENTS. BASEL COMMITTEE ON BANKING SUPERVISION, RESERVE BANK OF AUSTRALIA