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Bank Robbers
The Big Four banks delivered a record full-year profit of nearly $32.5 billion in FY2023, a 12.4% improvement over the previous financial year. To put that in perspective:
1 million seconds is 11 days.
1 billion seconds is 32 years.
The Commonwealth Bank accounted for the largest share of this windfall at $10.2 billion, followed by NAB at $7.7 billion, ANZ with $7.4 billion and Westpac at $7.2 billion.
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