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📈 ASX share review: Commonwealth Bank of Australia (ASX:CBA)

Australian Finance Podcast

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CBA - What's It All About?

CBA started in 1911 under the Commonwealth Bank Act because it originally started as a government bank. They invest in early stage, Fintechs. A lot of the big banks actually have venture capital arms where they invest in emerging companies to try and make sure that they're still relevant in the modern world. It's really hard to even fathom just how much of Australia is impacted by CBA and how involved it is in so many different parts of our financial ecosystem. And Scott Pape talked about Credit Savvy, which allows you to lock your credit score so people can't get credit under your name because your file is actually locked. That's a business that's owned by CBA

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