ASB sees 6% profit rise while its Aussie owner drops
ASB CEO Vittoria Shortt puts the half-year profit down to a cooling housing market and softening business confidence.
On this side of the Tasman ASB Bank added 6% to its net profits in its latest half-yearly results today – but its Aussie owner, Commonwealth Bank (CBA), reported a 6% drop for its latest half-year.
The elephant in the room for CBA was the cost of dealing with misconduct issues stemming from
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