The Commonwealth Bank's bottom line will take a $220 million hit this half from more compliance and compensation costs. :
The Commonwealth Bank's bottom line will take a $220 million hit this half from more compliance and compensation costs, as shareholders wear further pain from the scandals sweeping the industry. In a sign banking profits are likely to remain bogged down in remediation costs in the year ahead, the country's largest lender on Tuesday announced a new round of provisions, including for its fees-for-service scandal.