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 News24 hours agoSurfer attacked by Great White shark off northern NSW coast
-
Noosa News22 hours agoUrgent warning to locals as multiple crews battle major industrial fire at Rocklea in Brisbane’s south
-
General24 hours agoCronulla Sharks captain Cameron McInnes to miss remainder of 2025 with second ACL rupture
-
Noosa News24 hours ago12-year-old charged with attempted murder over alleged stabbing at Augustine Heights in Ipswich