The Banks Fall Out of Favor This Week

NAB reported a sharp jump in profit to over $4 billion, but it said its profit margins have peaked. Macquarie Group also announced a record profit of $5.2 billion for half a year to the end of March. Pacific West bank in California is looking for a buyer after saying it's got some problems. It's the change in sentiment, just like that, affecting so many people. No flourishes, just facts.