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Goldman Sachs sees 'tough' earnings season for Australian banking giants

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Published Wed, Oct 26, 2016 · 09:50 PM

    Sydney

    IT'S going to be a "tough" earnings season for Australia's biggest banks, according to Goldman Sachs Group Inc.

    Full-year results due from three of the lenders - starting with National Australia Bank Ltd on Thursday - are poised to show that a record-breaking run of profits is coming to an end amid higher funding costs, lower interest margins and rising bad-debt charges.

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