Tuesday, June 23, 2020

Banks to be less profitable in COVID19 recovery, NAB boss Ross McEwan warns

National Australia Bank chief executive Ross McEwan warns banks will be less profitable in the short term as the economy recovers from COVID-19 fallout.

Mr McEwan has also doused hopes of a rapid "V" shaped recovery, and says a bumpy "W" shaped outcome is possible.

Peter Ryan reports


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