Norris seeks fast growth from tough bank market.

Australasian Business Intelligence, September, 2005

Byline: Stewart Oldfield

Sep 25, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Commonwealth Bank of Australia (CBA) CEO, Ralph Norris, issued his first note to staff on 23 September 2005. He took up his

appointment the previous day, replacing David Murray, who headed the Australian bank for 13 years. In the note, Norris says he wants the bank to increase revenue at a faster rate

than the market. CBA is Australia's largest retail bank, but its deposits business is being challenged by the likes of BankWest and ING. CBA shares closed at $A38.10 on 23 September.

Publication Date: 26 September 2005

 
COMMONWEALTH BANK OF AUSTRALIA - ASX CBA: 
HBOS...

            
        
    
    	    
                
                
	

		

					 
            Read the rest of this article with a Free Trial at HighBeam Research.
        				
 

    		            
	
                Premium Content Partnership | 
                	HighBeam Research provides an in-depth online archive library of reference works.