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Banks to extend the loan repayment deferral period as stocks plummet – ABC News
The sharemarket gave its verdict yesterday on what the six-week lockdown in Melbourne will mean for the economic recovery.
The sharemarket gave its verdict yesterday on what the six-week lockdown in Melbourne will mean for the economic recovery.
Stocks fell heavily with the banks among the biggest losers after they announced they would extend the loan repayment deferral period for borrowers struggling to service their debts due to the pandemic.
Investors are worried about what that will mean for bank profits.
Guest: Matt Comyn, CEO, CBA
Producer: Sheryle Bagwell
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