Commonwealth Bank first-half profit rises to $4.7b, but misses expectations

Commonwealth Bank said its cash earnings from continuing operations rose 1.7 per cent to $4.68 billion in the first half of fiscal 2019, slightly below analysts' consensus estimates. CBA’s profit inched higher, but was below expectations. Credit:Glenn Hunt Revenue slid 1.9 per cent to $12.4 billion, with volume growth offset by a net interest margin decline, lower fees and weaker […]

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Improving profitability at Deutsche Bank is biggest challenge: S&P

FRANKFURT (Reuters) – Standard & Poor’s left its ratings on Deutsche Bank unchanged on Monday and said profitability is the lender’s biggest hurdle. The bank’s earnings for the fourth quarter, announced on Friday, “confirm our view that management’s biggest challenge is to improve profitability and bolster the bank’s customer franchise”, S&P said in a statement. Deutsche Bank’s ratings have been […]

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New central bank chief takes office in Israel

The Bank of Israel's new governor says the country's financial stability should not be taken for granted in a period of "numerous changes in financial markets." Amir Yaron took office Monday following several weeks of volatility in Israeli and international markets. At a ceremony in the presence of Israel's president, prime minister and other dignitaries, Yaron says his immediate challenge […]

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