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Australian banks' $57b plunge makes CBA, NAB, ANZ, WBC look more like... banks

2015-05-27 12:26:49| Automakers - Topix.net

Valuations on a gauge of the nation's lenders are near the cheapest relative to the global average since January 2013. Just two months ago, they traded at the biggest premium since Bloomberg began compiling the data in 2005.

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CBA leads $40 billion wipe-out in the ASX 's biggest rout in two years

2015-05-06 10:08:03| Grocery - Topix.net

Commonwealth Bank, which fell nearly 6 per cent, and Woolworths were responsible for more than a third of the loss on the ASX200 in a "very tough day" for investors. Australian shares lost close to $40 billion in value in their biggest slump since February 2013, as poor profit results from Commonwealth Bank and Woolworths sparked a major bout of selling in the banking and consumer staples sectors and throughout the broader market.

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CBA leads $40 billion wipe-out in the ASX 's biggest rout in two years

2015-05-06 10:03:25| Automakers - Topix.net

Commonwealth Bank, which fell nearly 6 per cent, and Woolworths were responsible for more than a third of the loss on the ASX200 in a "very tough day" for investors. Australian shares lost close to $40 billion in value in their biggest slump since February 2013, as poor profit results from Commonwealth Bank and Woolworths sparked a major bout of selling in the banking and consumer staples sectors and throughout the broader market.

Tags: two years leads biggest

 

Australian bank CBA posts flat profit

2015-05-06 03:57:49| BBC News | Business | UK Edition

Commonwealth Bank of Australia posts a flat cash profit of about 2.2bn Australian dollars ($1.74bn; 1.15bn) for the three months to March compared to a year earlier.

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CBA says deposit tax may be passed on to customers

2015-04-01 05:55:42| Automakers - Topix.net

The May budget is set to introduce a $500 million tax on deposits to cover the governments' costs for a bail-out. The Commonwealth Bank of Australia said it backs the financial system inquiry's recommendation that deposit insurance only be paid for after any bank collapse.

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