Bank investors face $1b franking credit hit

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Hundreds of thousands of bank investors stand to lose about $1 billion in annual franking credits under the banking regulator’s plan to phase out hybrid securities. The surprise proposal by the Australian Prudential Regulation Authority this month to wind down the $43 billion local bank hybrid market could force retail investors into riskier investments such as shares , bond fund managers say.

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