If u believe the market caps CBA is 2 and a half times the market cap of Westpac so the Westpac money laundering scandal has arguably cost Westpac not just $40 billion AUD in market cap but its entire market cap $115 billion and WBC should be $60 by now.
CBA has had a charmed run to be worth $158.5 AUD a share with a $265 billion AUD market cap.
CBA has been given a free ride as Westpac, NAB and to a lesser extent ANZ have been so shocking.
It is wonder that ASIC, ACCC, APRA, AUSTRAC and RBA have been so easy on CBA not to mention Federal Court of Australia and the leading financial justice, Judge Nye Perram.
ASX 200 is well behind other major bourses and it needs a significant SANTA RALLY to catch up but the geopolitical risk and Government's crony capitalism problem appear to weigh down all stocks not just CBA down in Australia.
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