Commonwealth Bank’s staggering $120 a share price came up a few times at The Australian Financial Review Banking Summit. Brian Johnson nailed why it had run so hard.
Get all the bankers in one room and conversations tend to head in one direction – making money.
If you’re running a bank or working inside one, that means writing more loans and handling more transactions for household and business customers by winning new customers or sweating the existing ones harder.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
