What's wrong with this picture?

[den]

Two sentences in an article from The Age

The Commonwealth Bank of Australia has announced plans to axe another 1,000 jobs...

...the news coincided with the bank announcing a net profit of $2.66 billion for 2001/02.

Comments

[dewhitton.livejournal.com]

That doesn't happen here. The banks are buying each other out so that we have reached a point where there are only 5 major banks left: Commonwealth, Westpac, National Australia Bank, St. George, and ANZ. Credit Unions are picking up the rest.

The newest thing to arrive is the community bank, owned and run by the people of the town. The first was the Bank Of Bendigo, which was so successful it's financing the new branches around the country because the 5 Majors won't finance them.