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Citi earnings plunge with COVID onslaught

Citigroup saw its net income for the second quarter of the year plummet by 73 per cent from its year before, as the pandemic increased credit costs and dried up consumer spending.

AOFM to invest $30m in Wisr warehouse

The Australian Office of Financial Management has approved an initial investment of $30.8 million into the neo-lender’s warehouse through the Structured Finance Support Fund.

Building activity waned ahead of COVID drag

Residential building activity contracted over the March quarter, prior to the introduction of lockdown measures imposed to curb the spread of COVID-19, new ABS data has revealed.

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LATEST PODCAST: Sharp lending recovery expected to be short-lived

Do you expect to see strong uptake of the HomeBuilder scheme?

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