Daily Dispatches: CBA's $4.72bn profit

CBA has come through the economic turmoil of the past 18 months with minimal damage, delivering a $4.72bn full-year net profit. (Herald Sun)

And CBA chief executive, Ralph Norris, has declared Australia's economy and banking system would have "cratered" if the government had not implemented the wholesale guarantee last year to protect the local banks. (The Australian)

Dealer groups are increasingly recruiting and training Certified Financial Planners (CFP) in an attempt to guard against possible breaches of regulation and develop a more professional, robust business in the current market environment. (Money Managament)

ASIC is continuing its insider trading hunt. In the latest development, corporate advisory firm Caliburn Partnership has removed from its website the profile of a recently departed employee, Adam Wilson, a fellow alumnus of KPMG's Sydney corporate advisory office with chicken breeding heir and horse racing scion Ben Ingham.

(The Age)