The Commonwealth Bank has defied the cost-of-living crisis – and analysts’ expectations – to post a whopping $9.8 billion profit…The figure is 2% down on last year’s record profit but nothing to be sneezed at given the slowing economy. The numbers mask the growing pressures on Aussie households as CBA now holds $17.6 billion in “overdue” home loans – up from $14.8 billion last year. The bank’s bottom line is something the wounded Seven network can only dream of… Its parent company just announced a 69% slump in full-year profits – ending the financial year just $42 million in the black. CEO Jeff Howard says that means another round of cost cutting is coming – just a couple of months after the company already shed 150 jobs. It’s been a brutal period in commercial TV, with advertising revenue across the industry down 8% on last year.