Despite a rise in first-quarter profits to $1.85bn,current boss Shayne Elliott says the charge for bad loans would rise by $65m as manufacturers struggle ANZ has said that the cost of bad debts will reach $800m this year as the economic slowdown in Asia continues to bite. Related: Are we heading for a crash? | Albert Edwards, Aditya Chakrabortty, or Linda Yueh,Ruth Lea, Fred Harrison, and Vicky Pryce,Dambisa Mayo, Yanis Varoufakis, or Mariana Mazzucato Continue reading...
Source: theguardian.com