Business
Investors brace for higher loan provisions after UK blowout – The Australian Financial Review
With the big six UK banks reporting $31 billion of COVID-19 write-offs, local investors fear higher provisions from the big four starting next week with CBA.
Australian Prudential Regulation Authority deputy chair John Lonsdale on Wednesday told a parliamentary committee: “We are trying to provide more transparency about what is happening.”
“What you will see over the period ahead is a bit more granularity,” he said. “You will see data broken down by entity. And I think you will see some of the risk categories … So we can see more of what is happening,” he told the House of Representatives standing committee on economics.
The major banks are prov…
-
Noosa News15 hours agoChild, 15, arrested over death of another child, 8, after shocking e-bike crash in Queensland
-
Noosa News13 hours agoQueensland Drug and Alcohol Court provides sentencing options – Proctor
-
Noosa News15 hours agoBoy charged over E-Bike crash
-
General13 hours agoSingapore’s world-first sustainable flights tax will see some Australians pay more to travel