Tag: impaired assets
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ANZ Group’s Flat Earnings Amid Competition Pressure and Global Trade Risks
Australia’s ANZ Group reported flat first-half cash earnings amid competition pressure and rising impairments. The bank’s CEO mentioned that market realignment is expected due to global trade risks, affecting trade flows and customer strategies. Despite a slight increase in profit to A$3.57 billion, ANZ’s shares fell by 2% as competition for cheaper home loans intensified.…