Forget AUSTRAC, CBA result is good news for bank shareholders

Paul-Rickard-headshot2
Co-founder of the Switzer Super Report
Print This Post A A A

Commonwealth Bank’s AUSTRAC fiasco has become a classic media beat-up. Led by the anti-business ABC, supported by some Fairfax cheerleaders, and then the usual cabal of Canberra politicians, this story has been done to death. CBA has been tried, found guilty, and hung by the media before it is yet to even file a defence. This is not the making or breaking of the Australian banking industry.

Log in or take a free 21 day trial to read further
(You won’t need to leave this page)

Also from this edition