Tough banking decisions still to come, says ASB chief

Thu, 14 May 2020

Tough decisions are still ahead for banks as initial government support ends and winners and losers emerge, says ASB Bank chief executive Vittoria Shortt.The current focus has been on ensuring banks have adequate capital and liquidity, but the “difficult decisions are coming, as not every business will survive through this crisis.”The bank, owned by Commonwealth Bank of Australia, was also reviewing the spread of its branch network in light of a new “more efficient” way of interacting with clients, she said, noting...

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