Interview: What $15.3b in profits tells us about the big banks

Australia’s banks remain pretty resilient in the face of global uncertainty and tension.

The major banks had a combined $15.3 billion in profits in their mid-year reporting, a relatively steady resullt, but competition in the market may be squeezing margins.

Noel Williams, PwC Australia’s Banking and Capital Markets Leader, take Sean Aylmer through her analysis of the big banks' results, and also some interesting shifts in behaviour from younger customers.

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