CBA shares $4bn in lost growth due to CommInsure Scandal

Yep, CBA and their customers are very very unhappy. Now their shareholders are also unhappy.

Extremely bad culture at CBA.
 
I left the Commbank after 30-odd years with them over this.
Nobody batted an eyelid or asked me why when I shut down my accounts.
 
CBA pays for a lot of print/web advertising, I find myself wondering what compelled these media organizations to effectively turn away the CBA's business.

No, I wouldn't attribute to flighty idealistic reason like 'journalistic integrity'.

Here's a hint: Seen any of their major competitors, particular insurers, go on a marketing/advertising spending spree lately?
 
phrenzy said:
All the banks are stuffed come the drop in property prices.
Click to expand...

Guess who will be left 'holding the bag' when that happens?

Either the taxpayer, through a 2008-era TARP-esque bailout. Ultimately payable by the taxpayer tolled through a heavier tax burden and currency devaluation/inflation.

That, bank depositors, through a Cyprus bail-in. Expect 'bank holidays' followed by withdrawal limits (vis a vis Greece 2015) possibly followed by Cyprus-style expropriation (bank robbery in reverse).

Hell, it might even take both to fill in the hole.
 
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