Commonwealth Bank lifts dividend after $9.8 billion profit

Sky News Business Editor Ross Greenwood joins Commonwealth Bank chief executive Matt Comyn to discuss the banks’ profits for the 2023-24 financial year. Australia’s biggest bank reported a two per cent fall in cash profit down to $9.8 billion. The bank released its 2023-24 financial year results on Wednesday, flagging that higher cost of living is increasing home loan arrears.