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Australian banks under pressure as revenues, dividends seen slowing
2016-02-10 01:54:20| Automakers - Topix.net
SYDNEY, Feb 9 Australia's major banks kick off their reporting season this week with their shares suffering the worst start to a year since the global financial crisis, as a slowing mortgage market and tighter capital rules crimp margins and profits. Analysts expect Commonwealth Bank of Australia to post its slowest half-yearly revenue growth since June 2014 on Wednesday, as one of the world's most profitable banking sectors comes under pressure across multiple fronts.
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Category:Automotive