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This is an absolute disgrace on the part of the board of CBA.

At best they have failed in their duty to keep the market informed.

There is a fiduciary responsibility on behalf of the board and management of the CBA toward its shareholders and this attempt at passing the buck to Merrill Lynch will not stand.

Keeping this kind of information for as long as they have without disclosing it, which is the CBA's responsibility, is disgraceful and all shareholders should be outraged!

A full and open enquiry by the regulator should now take place, save we fall into the same place as the yanks with their financial institutions.
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THE ABOVE IS NOT FINANCIAL ADVICE AND NOT DESIGNED TO BAIT, TROLL, FLAME, CREATE AN ARGUMENT OR OTHERWISE CAUSE OFFENCE TO ANY PERSON WHO SO-EVER IS ENTITLED TO DISAGREE WITH MY OPINION AS STATED IN THE ABOVE TEXT