CBA boss warns of ‘short sharp contraction’ en route to Australian economy
The boss of Australia’s largest bank has warned that the economy is already contracting and that a “short, sharp contraction” is imminent. Late Wednesday, Commonwealth Bank of Australia CEO Matt Comyn announced the company’s full-year results. Although the CBA made a whopping $9.6 billion in profits last fiscal year, Mr. Comyn warned that tougher times … Read more