Commonwealth Bank of Australia (CBA) slashed its annual dividend by more than half to the maximum payout allowed by regulators, even as bad loan provisions amid the coronavirus pandemic drove its annual cash profit below market expectations.
) slashed its annual dividend by more than half to the maximum payout allowed by regulators, even as bad loan provisions amid the coronavirus pandemic drove its annual cash profit below market expectations.
Investing in stocks is popular with record low interest rates making bonds and cash savings unattractive. Australian banks are also facing challenges due to lockdowns hampering business and loan holiday extensions for struggling borrowers amid the pandemic.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump pushes for college football season, claiming young, healthy athletes are 'not going to have a problem'While older Americans are considered more vulnerable to COVID-19 and mortality rates for younger people remain low, hospitals have seen a growing number of younger patients admitted with severe symptoms as the virus has spread across the country.
Read more »
Australia says COVID-19 outbreak shows signs of peakingAustralia recorded its biggest one-day rise in COVID-19 deaths on Monday although a slowdown in new cases gave hope that a second wave of new infections in the state of Victoria may have peaked.
Read more »
Antonio Banderas Tests Positive for CoronavirusAntonio Banderas announced that he has tested positive for the novel coronavirus in a tweet on Monday
Read more »
Why are some people with coronavirus asymptomatic — and are they as contagious as those who display symptoms?How contagious is someone who has contracted COVID-19 — yet displays no symptoms? Their viral load is similar to that in symptomatic patients, researchers found.
Read more »