Banking
ASB's parent Commonwealth Bank of Australia under pressure to return billions of dollars of capital to shareholders despite expectation ASB's capital will need bolstering to meet RBNZ bank capital proposals
5th Aug 19, 9:57am
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Bank shareholders want their capital back:
Flint’s departure came as HSBC announced it’s first-half financial results for 2019, in which pre-tax profits rose 16% year-on-year. The lender also declared a further buyback of $1bn, defying some analysts’ expectations it might pause its strategy of returning extra capital to investors. Link
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