Australian shares down but markets pull back from the brink – business live | Business

“The bank needs to be able to generate capital so we can fulfil our social obligations, but we need to get that balance right and we clearly failed at that in the past, and we are moving away from that. As I said, revenue, and the generic terms for ‘sales’ hasn’t been part of the group score card in the last three years, so we don’t have that same middle layer, saying ‘middle management have a sales target, but the juniors don’t. We don’t have that today. But we can certainly improve and I agree that we need to do more work in getting that balance right.

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