Chart of the day: Bank stocks take a hit

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Title : Chart of the day: Bank stocks take a hit
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Chart of the day: Bank stocks take a hit

Investors may have taken the announcement of a royal commission into the banks in their stride initially, but that has changed considerably since public hearings began.

Chart showing share price change in per cent for the big Australian banks since 29 November 2017
External Link: Change in big banks' share prices since November 29, 2017

AMP's stock price has been hit hardest, down more than 20 per cent since the royal commission was announced, a factor which may have contributed to the resignation of Catherine Brenner today.

None of the big players remained in positive territory after the first round of public hearings.

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