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Regulatory

CBA puts away $500m for regulatory costs

Commonwealth Bank posted a $4.7 billion after-tax profit in the first half of FY18 and its wealth management arm was a standout performer. However the bank has also put aside more than $500 million for ongoing legal and customer remediation costs.

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Read more: CBAwealth managementCommonwealth BankAUSTRACIan NarevFederal CourtFinancial ServicesRoyal CommissionASXinvestment