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Banks dodge capital bullet

July 20, 2017
Banks dodge capital bullet

“This was probably the number one issue for the banks so the fact that it has been concluded and that there is 2½ years to get there is a significant positive,” said Dion Hershan, Managing Director of fund manager Yarra Capital Management.

“To get from where they are to where they need to be is only a modest change, it is not a radical change. It is the equivalent of a couple of months of profit in an industry that generates $30bn a year.”

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