anz cuts dividend as profits fall 24% amid mounting bad debts /

Published at 2016-05-03 03:31:03

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The bank has cut its interim dividend for the first time since the GFC as it faces global and domestic headwindsMounting harmful debts and falling commodity prices gain forced ANZ bank to cut its interim dividend for the first time since the global financial crisis after its first-half cash profit slumped 24.3%. Related: ANZ's harmful loans to miners are just 'tip of the iceberg', analysts say Continue reading...

Source: theguardian.com

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