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CBA reports $10.9b profit but warns economic growth is slowing
The country’s largest bank said mortgage applications were down 15 per cent since changes made in the budget but appear to have stabilised in recent weeks.
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afr.com
Westpac says mortgage applications are down 20pc since budget
The bank, which reported a $1.8 billion quarterly profit, expects growth in investor demand for housing credit to more than halve over the next two years.
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smh.com.au
CBA profits hit $11 billion, dividend raised
Chief executive Matt Comyn said the Australian economy was resilient, helped by low unemployment and solid investment, though growth was slowing due to higher interest rates and…
