Table of contents
Investment analysis 2
Bank capital securities 3
CDS/Index recommendations 4
Sector overview
“Not all about commodities” 6
Current sector issues 9
AMP Group Holdings 11
Australia New Zealand Banking Corp 13
Commonwealth Bank of Australia 16
Macquarie Group Ltd 19
National Australia Bank 22
QBE Insurance Group 25
Suncorp-Metway Ltd 28
Westpac Banking Corp 31