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Banking 13 Aug 2020 | 7:00 AM

Australia’s CBA to pay maximum dividend allowed

SYDNEY: Commonwealth Bank of Australia (CBA) slashed its annual dividend by more than half to the maximum payout allowed by regulators, even as bad loan provisions amid the coronavirus pandemic drove its annual cash profit below market expectations.

Economy 14 Nov 2019 | 7:00 AM

Japan’s MUFG posts 6.3% fall in first-half net profit

TOKYO: Mitsubishi UFJ Financial Group Inc (MUFG) has reported a 6.3% drop in net profit for the six months through September, as its profit in the same period of last year was buoyed by the release of bad loan provisions.