Commonwealth Bank boss Matt Comyn warns on US China trade war fallout

Commonwealth Bank chief executive Matt Comyn says escalating trade tensions between the US and China are the troubling backdrop to the full year results from Australia's biggest bank..

The CBA's statutory profit is down 8.1 percent to $8.57 billion, mainly because of customer remediation from the banking Royal Commission, record low interest rates and the removal of a number of fees.

Matt Comyn remains positive but told me there's no escaping potential fallout as relations between the US and China deteriorate by the day.