Interview: Banks make $32b - but headwinds are growing

Australia’s major banks have delivered a strong set of results for the 2023 full year - $31.99 billion in combined statutory earnings across Commonwealth , Westpac , ANZ and NAB . That’s up 8.2% on the previous year. But there might be challenging times ahead, as economic headwinds continue to build, and loan momentum slows. Doug Nixon, Oceania Banking and Capital Markets Leader at EY , talks to Sean Aylmer about the health of the Australian banking sector. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.