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Cba Profits Face A Fresh $220M Hit

by brisbanetimes.com.au posted 1month ago 13 views
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.

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