$4.8 billion Profit..CBA.

Discussion in 'Markets & Economies' started by errol43, Feb 10, 2016.

  1. errol43

    errol43 New Member Silver Stacker

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    NOW WHERE DID THEY MAKE THAT PROFIT.? Credit cards, housing loans, business loans. bank charges?:D

    Or was it in the Shadow Banking Sector?

    How much did they make from DERIVATIVES. ?

    $1.5 Quadrillion is the total derivative market.. This is where the major banks make their $$$$...EG Duestch Bank exposure $70 trillion, holding $59 billion in Capital.

    Derivatives is about to bring the whole bloody structure come crashing down...

    How many people know anything about derivatives? It is hard to learn anything about them when the big boys don't talk about them.

    The biggest bubble of them all?

    Regards Errol 43
     
  2. DanielM

    DanielM Active Member Silver Stacker

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    $4.8b is only half year but considering CBAs market cap is $126.7b it's not that grand. I wouldn't say they're fucking around with derivatives
     
  3. errol43

    errol43 New Member Silver Stacker

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    You would never know with the shadow banking accounting/ :)

    Regards Errol 43
     
  4. DanielM

    DanielM Active Member Silver Stacker

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    Sorry I should have known better than to get involved in the kooky part of SSers
     
  5. systematic

    systematic Well-Known Member

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    $4.8b in 6 months works out to be 4.8 billion /180 = 26 666 666 approx.

    ie. one brand raking in 26 million per day ... thats a lot of "fees" ...
     
  6. DanielM

    DanielM Active Member Silver Stacker

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    ^ good to see you've got division covered
     
  7. systematic

    systematic Well-Known Member

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    its amazing what google can do ...
     
  8. systematic

    systematic Well-Known Member

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  9. systematic

    systematic Well-Known Member

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    The BIG FOUR are not Australian banks ... they are American banks ...

    The BIG FOUR are American banks controlled through interlocking directorships ...
     
  10. DanielM

    DanielM Active Member Silver Stacker

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    That's old news, banks laying off into other banks. I'm sure McDonalds would own shares in KFC if they could.

    As for your $26m/day figure with 14 million customers world wide it's only $1.86 per day per customer
     
  11. DanielM

    DanielM Active Member Silver Stacker

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    Wake up Australia is still a colony. Everything in Australia is owned by everyone but Australia. It's our way of life now. Best you can do is buckle up and make the most of your life here or whinge about it on a forum......... Or C) move to china
     
  12. systematic

    systematic Well-Known Member

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    Best we could do is stack metal and dream on like fools ....
     
  13. systematic

    systematic Well-Known Member

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    I really hope Karen Hudes is right that the world bank and the Fed is forced into involuntary bankruptcy ... we need a better system ...
     
  14. DanielM

    DanielM Active Member Silver Stacker

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    No not exactly. With the persistent devaluation of currency my current financial strategy in regard to any residual income is to allocate 50% to recreational spending(holidays, cars, big screen tv, clothes, eating out, ect. And the remaining 50% to lotto tickets. Spend today's dollars today and hope I win the lotto for the future
     
  15. DanielM

    DanielM Active Member Silver Stacker

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    Don't you think they'll go down fighting?
     
  16. systematic

    systematic Well-Known Member

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    Yes ... but the odd thing is Ms Hudes seems to think under rule of law they will have to capitulate ... it seems like a long shot to me ... https://twitter.com/KarenHudes
     
  17. systematic

    systematic Well-Known Member

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    The simple fact is major banks are in cahoots with each other and cheat on their figures ... its the monopoly they have forcing us to use their system that is the problem ... even the gold and silver charts basically look the same ... free market trading is not likely ...
     
  18. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    TOO BIG TO FAIL

    Remember, if things go titsup then your savings, your super and your income will be juicy sources of bailout funds.
     
  19. SilverDJ

    SilverDJ Well-Known Member

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    How much tax did they pay?
     
  20. systematic

    systematic Well-Known Member

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