Interest rates up, and so are bank profits #CBA

via smh.com.au

The net profit of Australia's biggest home lender rose 19 per cent from a year earlier. The record result comes just days after CBA and most other banks lifted interest rates independently of the Reserve Bank, stoking public anger.

Read more: http://www.smh.com.au/business/earnings-season/cba-posts-record-362-billion-p...

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