Wednesday, May 13, 2020

Commonwealth updates with $1.5b coronavirus hit to bank and risk of 32pc house price fall in "prolonged downturn"

Commonwealth Bank has sets aside a large pile of cash to cover expected COVID-19-related losses, as Australia's biggest home lender warns of a potential 32 per cent house price crash in a worst-case "prolonged" economic downturn. 

Here's my analysis from The World Today


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