Is there anything less enjoyable than writing about bank profits? Still, we’ll soldier on. After a little research, we’ve come to a conclusion about Australian banks stocks that you might find useful.

Total losses from subprime are likely to be near $1trn says the IMF. It’s a trillion…give or take…

U.S. markets fall while China soars but is your money still better off in the Far East? Another commodity skyrockets, why this latest run-up might put blood on the streets. Tech losses continue, Nasdaq falls but one report shows the potential for massive tech rebound. Former Bear CEO cashes out, how much Jimmy Cayne lost, and what it means for the future of BSC. The first subprime accounting snafu emerges, how KPMG might be the next Arthur Andersen.