CBA STILL RIDES HIGH

THE latest numbers from the biggest and still most profitable bank continue to confirm just how well the banks are still doing after being whacked by the Hayne royal commission and the end of the property boom.

What end of the boom? Yes, lending is down – but from very high levels.

And the CBA’s bad debts and other credit negatives are still at all but record lows.

And yes, the bill for Hayne has passed $2 billion.

But that’s for sins over 10 years and still adds to barely 25 per cent of one year’s profit.