Companies

Mar 20, 2013

The big Australian: how CBA became our top company (briefly)

As Europe’s banks have faltered, ours have soared. The Commonwealth Bank briefly became Australia's biggest company this week -- a moment worth reflecting on.

Myriam Robin — Media Reporter

Myriam Robin

Media Reporter

This week’s banking news demonstrated nothing better than contrast.

As European Union financiers worried about a bank run, triggered by Cyprus’ moves to tax all deposits to save its two banks, the value of the Commonwealth Bank of Australia eclipsed that of BHP Billiton, the largest mining company in the world. This made CBA Australia’s most valuable company — at least for a day.

Free Trial

Proudly annoying those in power since 2000.

Sign up for a FREE 21-day trial to keep reading and get the best of Crikey straight to your inbox

By starting a free trial, you agree to accept Crikey’s terms and conditions

0 comments

Leave a comment

Share this article with a friend

Just fill out the fields below and we'll send your friend a link to this article along with a message from you.

Your details

Your friend's details

Sending...