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MyState Limited (ASX:MYS) is a diversified financial services business that has been operating for over 50 years with 135,000 customers, and officially became a bank in 2014. MyState is headquartered in Hobart, Tasmania and offers banking, asset management and trustee services.
The MyState Limited (ASX:MYS) share price is rising this morning after announcing that it is selling its financial planning business.
Falling Australian house prices could put the share prices of big ASX banks like Commonwealth Bank of Australia (ASX:CBA) under pressure.
The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down 0.35% on Thursday.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.29% at lunch.