The cost line will be the problem with the Commonwealth Bank profit in two weeks’ time, and management are in a fair old fix as they compose options for the board on the bad debt charge.

CBA will be the biggest sell ever if they pay a final dividend and they cannot afford one anyway.

In Australia, business resilience is low and the likelihood of more than material business lending losses is high.

Half the mortgage book of big banks will be in negative equity as the Victorian recession spreads.

Directors of CommBank must be alert to the unease between boards and management at peers. The all-encompassing doubt over reporting on credit quality will not easily be resolved.Probably not until three-quarters of current business clients of banks have gone broke.

A deflating mini-budget and disruptive second-wave pandemic in Melbourne is flattening business confidence Australia-wide.

Matthew Comyn can know little more than anyone else how bad things may truly be.

Well, he will know better than anyone how the industry has mishandled the pandemic.

So much business as usual and so little interest in identifying clients that will thrive amid the crisis.

Ten million new businesses need funding by banks before we can count ourselves past this and Commonwealth Bank can only count itself worth owning if it counts for a tasty majority of these.