Dispatches: Senator slams CBA profit

Commonwealth Bank's monster profit may become an election issue with a senator slamming banks as ''greedy thieves'' and a consumer advocate saying struggling households will be distressed by its magnitude.

The bank today reported its full-year cash profit swelled more than 40 per cent to $6.1bn - or almost $700,000 an hour. (Sydney Morning Herald)

NAB chief Cameron Clyne is confident the proposed sale of the North retail investment platform will not alter the economics of its Axa bid. (The Australian)

ASB's annual net profit fell slightly due to a big one-off settlement with the Inland Revenue Department, but the bank nearly halved loan impairment charges and held its interest margin steady. (New Zealand Herald)

How to quit your job in style. (Daily Mail)