Atlas Funds Management

AFR: ‘Don’t bank’ on big four results

‘Don’t bank’ on big four results

NAB and Westpac have already warned their results are unlikely to be pretty. On Friday, NAB said rising remediation charges, property impairments and an explosion in the scale of an underpayments problem at NAB would shave $450 million off the bank’s second-half result and cut 15 basis points off its Common Equity Tier 1 (CET1) ratio.

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