Commonwealth Bank of Australia 1H Profit Misses

Australia's largest bank reported lower than expected first half profits, influenced by provisions for an Oz track lawsuit involving breaches of anti-money laundering laws. Despite financial provisions for potential fines and regulatory costs, the bank maintains a record profit. The bank's reputation has been challenged by multiple scandals, yet its financial performance remains strong.

What was the market reaction to Commonwealth Bank's profit announcement?

• Shares plummeted

• Shares dropped significantly

• Shares increased slightly

• Shares remained unchanged

What was the primary reason for Commonwealth Bank's weaker earnings?

• Increased operational costs

• Poor investment decisions

• Provisions for a lawsuit

• Decline in customer base

How many breaches of anti-money laundering laws was Commonwealth Bank accused of?

• 10,000

• 75,000

• 25,000

• 50,000

What amount did Commonwealth Bank set aside for potential fines and regulatory costs?

• 500 million Australian dollars

• 375 million Australian dollars

• 200 million Australian dollars

• 600 million Australian dollars

Despite the legal challenges, what was the financial outcome for Commonwealth Bank?

• A record profit

• A break-even result

• A minor profit

• A significant loss