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Guess which ASX 200 bank stock just crashed 17% amid eroding profits

The article from MSN discusses a significant drop in the stock price of a major ASX 200 bank, which experienced a 17% decline amid concerns over eroding profits. This downturn was triggered by the bank's recent financial report, which highlighted a decrease in net interest margins due to competitive pressures and rising funding costs. Additionally, the bank faced challenges from increased operational costs and a slight rise in bad debts, which further impacted its profitability. The market's reaction was also influenced by broader economic conditions, including fears of an economic slowdown and potential interest rate changes by the Reserve Bank of Australia. The article suggests that while the immediate future looks challenging for the bank, long-term recovery could be on the horizon if economic conditions stabilize.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/lifestyle/other/guess-which-asx-200-bank-stock-just-crashed-17-amid-eroding-profits/ar-AA1zaQA9 ]