Are They Banking On Their Own Futures; Not Yours?

Commonweath Bank was in the news this week, first because of its reported results, and second because of its “draconian” handling of what is called the Know Your Customer or KYC rules. CBA reported a flat cash profit of a $2.6 billion during the third quarter of the 2025 financial year pretty much in line with market expectations, but 6% higher than the prior comparative quarter. This was an unaudited quarterly update posted via an ASX announcement. CBA share prices touched new highs this week at $172.91, and was last at 169.66. Chief executive Matt Comyn acknowledged a ‘challenging’ quarter […]