May 3rd, 2016

Should Investors Be Shorting Australian Banks?

Australia & New Zealand Banking Group Ltd. posted the lowest half-year cash profit in almost six years and cut its dividend for the first time since 2009 as it faces rising bad-debt charges and the cost of shrinking its Asia business. David Fickling, a Bloomberg Gadfly columnist, has more on "First Up." His opinions are his own. (Source: Bloomberg)