ANZ boss warns of increase in bad loans.

BANKING AND CREDIT NEWS-July 9, 2020--ANZ boss warns of increase in bad loans

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Global Banking News - 09 July 2020

ANZ (NYSE: ANZ) chief, Shayne Elliott has warned that bad loans would see an increase because of COVID-19.

The official said in an interview that not all borrowers would survive the economic fallout from the pandemic. Speaking on ABC's AM programme, Elliott said there would be loan impairments as some borrowers have no chance for recovery.

He said, 'We can't save everybody but we can save a lot of...

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