National Australia Bank third-quarter cash earnings drop nearly 8%

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National Australia Bank,Cash Earnings

Banks are struggling to prop up their profits in recent times with stubbornly high expenses in general and intense competition in the mortgage market, as...

The logo of the National Australia Bank is displayed outside their headquarters building in central Sydney

Banks are struggling to prop up their profits in recent times with stubbornly high expenses in general and intense competition in the mortgage market, as home loan borrowers look for better deals amid high repayments cost. The country's top business lender posted cash earnings of A$1.75 billion for the quarter ended June 30, compared with A$1.90 billion a year ago.Nicolas Cage, not Will Ferrell, to play John Madden in upcoming Amazon biopic

 

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