Banks help local bourse bounce back

By Vesna Poljak
Updated April 24 2014 - 5:08pm, first published 4:56pm

The Australian sharemarket finished the week up 1.4 per cent as bank stocks helped the S&P/ASX 200 Index to close to a six-year high and the case for keeping interest rates on hold for the rest of 2014 firmed, buoying the in-favour banking sector.