banks

With July coming to a close, it’s time for reporting season – and this year, it’s not going to be pretty.

Investors hoping that the big banks will restore their dividends sooner rather than later are likely to be disappointed, as the earnings pressure on the banking sector will continue into the 2020/21 financial year. The banks’ March-half earnings (December-half in Commonwealth Bank’s case) fell by an average of 33 per cent, driven by big increases…