Argo boss says 2021 could be even worse for banks
Simon EvansSenior reporter
The managing director of $5.5 billion Argo Investments is worried that financial markets are factoring in only a short pandemic, likening it to being in the first quarter of an Australian Football League match.
Jason Beddow said ANZ, Commonwealth Bank, NAB and Westpac are likely to be in for an extended tough time and will be hamstrung by banking regulators, leading to consistently lean times for bank shareholders.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles