CBA

Australian banking company, Commonwealth Bank (ASX:CBA) announced a record $6.1 billion net profit after tax, up 42 percent on the previous year. However the bank's shares dropped 3 percent or$1.56, to $51.19 (almost $9 below the stock's peak this year). The market jitters was caused by weaker second half performance.

• Cash NPAT of $6,101 million - up 42 percent on prior year;

Stock report for this week of the top 10 Australian shares which are in the ASX 100. These stocks increased their share price by the most percentage points on the Australian share market, the Australian Securities Exchange (ASX) from the previous week of trading. Other lists of Australian companies by Market capitalisation.

Commonwealth Bank CEO Ralph Norris, speaking at yesterday's American Chamber of Commerce in Australia luncheon in Sydney, has said that funding costs were to remain high. "All of the banks have a significant portfolio of debt that has been borrowed at lower rates, prior to the start of the crisis, which has continued to roll over at higher rates.

Commonwealth Bank (CBA) has bought 15 percent of Vietnam International Bank (VIB) with the aim of acquiring up to 20 percent more depending upon regulatory approval. Australian Banks are seeking growth opportunities in Asia with NAB seeking a stake in Korea Exchange Bank.

ANZ owned E*Trade Australia is set to start a price war with online stockbroker CommSec on fees and commissions regarding international trades. E*Trade is planning to open up retail trader and investor access to several overseas stockmarkets from New York to Singapore. The company's profit in the year to September 2009 after tax was $31 million.

Commonwealth Bank (CBA) has agreed to pay Storm Financial victims more than $200 million. Storm Financial was a Townsville-based financial planner which in 2008 was placed into liquidation after a collapse of their business model which involved investors withdrawing equity from the value of their homes to invest into the (then) booming share market.

One of the leading Australian financial institutions- Commonwealth Bank of Australia (CBA), which provides various types of financial service to companies, small businesses and individuals is about to extend its China Life Insurance join venture operation in an attempt to cover the national market after one of the major Chinese banks (the fifth largest one of the country) took as much as 51 percent share in the business.

The Australia based integrated financial service provider Commonwealth Bank (CBA), which has operations in the United States, UK, China, Japan, Malta, Fiji and some other countries is currently reviewing its highly profitable structured businesses something that has put its controversial presence in Malta in doubt.

Recently the largest home loan provider of Australia- Commonwealth Bank (CBA) has taken major initiatives to tighten its grip over the brokers who deal with its home loans. According to a home loan broking firm, CBA have recently moved forward with a new rule which makes it mandatory for the brokers to submit a minimum of four home loans in every three months.