The AFR has the wrap:
Banking analysts fear that if the COVID-19 crisis worsens, the cost to the big four banks of bankrolling “Team Australia” could exceed the $10 billion estimated for this year and $35 billion over three years.
Many business customers stung by the economic shutdown are expected to struggle to repay debts when six-month loan deferrals negotiated by the banks and the Morrison government expire. Bank chiefs concede some of these customers may not survive the crisis.
