After two years of opening of new jobs, the largest banks of Australia joined global competitors and lay off some staff as revenue declined after six consecutive years of record profits.
The four largest lenders and Macquarie Group Ltd. general have cut more than 1,475 jobs to reduce costs and improve profitability
At the last press conference RBA stressed that the measures taken have led to desired results and the country's economy is stable.
E.Dimitrov JrTrader
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