Some figures from CBA

I attended a talk by Commonwealth Bank CEO Ralph Norris yesterday.

The CBA group (including funds under management) is now about $1 trillion (ie 1,000 billion dollars).

On that basis he regards annual profits of about $6 billion as reasonable.

CBA spends about $100 million a year on regulatory compliance.

PS When asked about the breakup with another bank he said he didn’t know they had a relationship.

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