Commonwealth bank may trim dividends
Commonwealth Bank of Australia, that nation's second-biggest lender, said it may have to trim dividends as bad debts rise and cash earnings decline.
Commonwealth Bank of Australia, or CBA, warned on Wednesday that it may cut future dividends after bad debts rose almost five-fold to 1.6 billion Australian dollars, or $1.05 billion, in the first half on loans to failed companies including ABC Learning Centres Ltd.