In 1991, the Commonwealth Bank had a brainwave: “Everyone hates big business, so let’s sound less like one.” And so ended over 30 years of the Commonwealth Banking Corporation, which gave way to the kinder, warmer Commonwealth Bank we know today.
The reality is that in 1959, the Commonwealth Bank of Australia split into two entities; one good (Reserve Bank of Australia), and one pure evil (the Commonwealth Banking Corporation). And no, changing your name back hasn’t fooled anyone, CBA.