CBA commonwealth bank of australia.
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Old News. Austrac already made their objectives clear - seeking...

  1. Cosmoterios
    19,072 Posts.
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    13/12/17
    13:09
    Post #: 29597315
    Old News.

    Austrac already made their objectives clear - seeking civil penalty - and the market has already priced it in since August/September.

    Furthermore, the TOTAL value of all these transactions was $625m.

    Penalties at worst is 100% of the infraction.

    I would be surprised if CBA's lawyers can't reduce that down by half. If they can't do that, they should hire my team.

    Btw, that $625M is less the NEW Tax levy imposed on the BIG FIVE banks on budget night.

    Really spare change.

    A 1% cost cutting exercise from CBA will more than save up for that.

    Really making a mountain out of a molehill here.
    CBA Price at posting: $80.44 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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$182.53 		Change
-0.320(0.18%) 		Mkt cap ! $305.4B
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$182.51 $183.00 $180.13 $1.091B 6.388M

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