It was the sort of day that the Commonwealth Bank chief executive Matt Comyn and Westpac boss Brian Hartzer would have liked to be holed up at head office.
With global equity markets reverberating from a sell-off in the US bond market and ever-escalating trade wars, Australian shares copped the flow-on effect, with the ASX down 2.7 per cent,with $50 billion wiped off the value of local stocks.
No doubt the bank CEOs would have liked to have been taking the temperature off their traders and treasury staff, watching funding costs and currency markets, and generally rallying the troops.
Instead, Comyn and Hartzer found themselves in Canberra to submit to a grilling at the hands of the House of Representatives standing committee on economi…
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