The Commonwealth Bank is expected to join rivals in tapping shareholders for billions of dollars in extra funds this week as banks move to strengthen their buffers against financial shocks.
The country's biggest bank is forecast to deliver a full-year profit of $9.1 billion on Wednesday, an increase of about 5 per cent. However, a key focus will be any move to raise capital in response to the tighter bank regulation.
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Clancy Yeates is deputy business editor. He has covered banking and financial services, and was previously national business correspondent in the Canberra bureau. Connect with Clancy on Twitter.
