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- Posts: 16473
- Joined: Wed Jul 29, 2009 9:02 pm
- Location: Fearing and loathing in Delaware and Virginia.
is Commonwealth Bank(Australia) on the verge of some big windfall or something? For some reason, the folks managing one of my investment accounts just dumped like $10,000 worth of German investment bank stock to help purchase about $17,000 worth of Commonwealth stock. The fund involved is aimed toward growth with dividend income, so I was wondering if great things are happening to banking down Under?
No idea bud a month or so ago there was talk of a class action due to money laundering and maybe fed action, but i would think its pretty safe they have like never failed to not make money that i recall last profit report was like 9 billion
And it looks like the royal commission is a go just spit balling here but they will likely take a hit but more than likely bounce back, also housing is starting to take a bit of a dive and thats their big money maker so make of that what you will
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