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15K views · 49 reactions | The Commonwealth Bank has taken an axe to interest rates on a range of loans, lopping nearly one percent off for some borrowers. www.7NEWS.com.au #Banking #7NEWS | 7NEWS Sydney | Facebook
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The Commonwealth Bank has reported an 8 per cent drop in net profit in its half-year results, with CEO Matt Comyn warning the financial strain hitting customers and the bank's bottom line will continue through the year. He also says he expects to see an increase in bad loans and that downside risks are growing as November's interest rate hike starts to impact borrowers. | ABC News
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