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Aussie banks' profits smashed by RBNZ

A haircut for Australian bank profits - but the collapse of bank profitability in New Zealand. That’s the take of Andrew Lyons, Ashley Dalziell and Desmond Tsao in a commentary from Goldman Sachs Australia yesterday on the Reserve Bank of NZ’s capital proposals. Lyons and co estimated New Zealand banks’ average ROE of 15 per cent in FY18 would fall by 5 per cent. read more

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