Business
Banks’ buybacks another pointer to Roaring Twenties – The Australian Financial Review
Banks are raining cash on shareholders as the RBA lends them $188 billion for almost free until 2024.
The fact that Commonwealth Bank is swimming in cash, but is unlikely to deliver the revenue or profit growth to justify an extension to its record high valuation, is a sound reflection of the broader economy. Its also flush with cash, but has nowhere to…
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