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Household debt

Political snippets: Australia an exception in the debt stakes

Crikey / Richard Farmer / Monday, 23 January 2012 / 3

Since the 2008–09 financial crisis, total debt has actually grown across the world’s ten largest mature economies is the finding of a study by the McKinsey Global Institute.

CBA disappoints, drags whole financial sector down

Crikey / Wednesday, 13 February 2008

The Commonwealth Bank reported a disappointing 4% gain in net profit to $2.37 billion for the December half and it triggered a rout with the Big Five plunging by between 2% and 5%, writes Stephen Mayne.