I don’t quite get the ending of that. However , even if we experience a recession the banks are well capitalised to sustain the impact, provided it is not lengthy.
Loan defaults rising would need additional provisioning; expect a cut in div until the recovery from any dark period.
In that theme with the banks and management, CEO and Chair ridiculed by the Royal Commission, was any of them sanctioned, fined or banned in any way for their misdeeds?
CBA TA update, page-602
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