The assault on Commonwealth Bank’s position in the business banking market from Macquarie and other challengers is falling flat, according to CBA executive Michael Vacy-Lyle, who says he has stabilised declining profit margins at the country’s No.2 business lender.
CBA’s Michael Vacy-Lyle: “We are seeing a little bit of stability return.” Louise Kennerley
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
