Rebel1Have a read of Pecora's link, I pasted some of it...

Rebel1

Have a read of Pecora's link, I pasted some of it below.

"It is a monopoly environment and it time for some regulation as the rate of return generated by Commonwealth Bank of 18.6 per cent is excessive and needs to reined in."

As any business owner know you can massage to make each centre of your business profitable or not.
The home loan lending can be stacked with expenses to show low profit while less in your face sectors/centres can show the opposite.

Also have a read below as well.

http://money.howstuffworks.com/personal-finance/banking/bank1.htm


Furthermore, when a bank has a $7Billion + profit(humungas saleries) and has a CONCIERGE in their branches. You know the banks are up there in the BOUTIQUE end of town.

Then in front of the Media they claim poverty and profits are a struggle to achieve!