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CBA NARROWS PRIVATE BANKING PRIVILEGES

07 September 2006 10:00AM
The Herald Sun reported that Commonwealth Bank axed more than 30 senior staff in its private banking business and speculated that the bank would reduce services for 3500 clients that aren't wealthy enough to enjoy the additional services the private bank provides.CBA recently hired Edward Tate from Macquarie Bank as executive general manager of the private client services division.The bank told the newspaper that affected staff would be redeployed.STOCK DASHBOARD: SEPTEMBER 6, 2006 COMMONWEALTH BANK OF AUSTRALIA. Closing Price: $45.77 Price change from previous trading day: -0.63% Relative Strength (6 months percentile rank): 63.8 Market capitalisation: $58.72 billion Dividend Yield: 4.5% Turnover volume: 1,589,076 Volume Index (1 is average): 0.5 Turnover value: $73.28 million Turnover period: 417 days Value of $1,000 invested 1 year ago: $1,278 Source: www.BuySellTips.com

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