A potential liability of 1 trillion dollars if applied would send the CBA to the Corporate knackery - A VA here would be the shorters equivalent to a pot of gold at the end of the rainbow - worth abandoning their efforts here for the bigger prize.
Of course the CBA may escape the full possible penalty but even so a fine in the billions would give the Commonwealth of Australia's deficit a substantial reduction.
And of course the penalties for the management and board are also likely to be substantial.
Glad I did not go into CBA - how about you HT?
All IMO and DYOR of course
QIN Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
