The profit for the six months ending Dec. 31 was 6 percent down from the AU$4.9 billion earned in the same period a year earlier. But the banks' preferred measure — cash profit, which excludes one-off gains and losses — rose 1.7 percent to AU$4.68 billion ($3.35 billion). The Sydney-based bank's operating income was down 1.9 percent to AU$12.4 billion ($8.9 billion). It referred the Commonwealth Bank to regulators for investigation of 12 potential breaches of criminal or civil laws. The bank had handed over to the misconduct inquiry more than 22,000 documents and 70 witness statements.

Source: ABC News February 06, 2019 02:55 UTC