ASX Announcements
CommBank PERLS X Capital Notes Redemption Notice
Issued Capital - Other
Director Appointment/Resignation
Issue of U.S.$1.25 Billion worth of Subordinated Notes
Issued Capital - Other
Issued Capital - Other
Notification regarding unquoted securities - CBA
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
This Month
RBA alarm over banks’ plans to shut key payments system
The Bulk Electronic Clearing System, which handles almost $18 trillion in payments, is being replaced. But the troubled transition has the RBA worried.
Banks deploy mobile branches, generators to cyclone zone
Major banks have sent mobile banking units powered by their own diesel generators to Brisbane, after Armaguard halted cash deliveries to ATMs due to high winds.
The ASX sell-off is getting serious. Blame banks and passive investing
The ASX 200 has now fallen even harder than Wall Street. The biggest winners of the past 12 months are dragging investors down.
Short sellers ditch CBA as sell-off doubts mount
Investors have exited short positions worth $2.2 billion in Commonwealth Bank, as some betting on a long-anticipated de-rating have their patience tested.
AustralianSuper’s Schroder has a productivity fix: Build, baby, build
The chief executive of the country’s largest superannuation fund says too much capital is tied up as he urged more housing development.
What Goldman, Macquarie, CBA and AusSuper are really watching amid chaos
Five burning issues for Australian business leaders and global investors have emerged from the tumult of Donald Trump’s first six weeks in the White House.
February
Big banks won’t automatically lower repayments after rate cut
NAB, CBA and ANZ require customers to “opt in” to get a reduction in monthly repayments, as lower interest rates were applied on Friday.
CBA, NAB grapple with the rise and rise of mortgage brokers
CBA’s Bankwest and NAB’s Ubank digital brands have been revamped, to make them more attractive to brokers who are now writing three in four home loans.
EV bus builder GoZero clinches $400m valuation; kicks off IPO campaign
Morgans and MA Moelis Australia have been appointed joint lead managers on the IPO and will be in the fast lane for a mid-2025 listing date.
Dutton must explain GFC share trades: PM
The opposition leader has denied misusing market sensitive information about the Rudd government’s stimulus plans to manage the global financial crisis.
Matt Comyn has a super skill, just ask Anthony Seibold
Manly Sea Eagles head coach Anthony Seibold has forged a close relationship with the Commonwealth Bank CEO. It is a friendship where they learn from each other’s worlds.
ASX investors start to look offshore as banks, miners disappoint
One of Australia’s largest investors says there are better opportunities in the UK and Europe than in Australia and the US, citing unjustifiable valuations.
ASX sell-off to intensify as bank stocks wilt under earnings pressure
Futures point to another steep drop for the sharemarket on Monday, extending the savage reversal last week fuelled by a sell-off in bank shares.
Banks lashed for breaking Hayne-era bonus caps
The house economics committee has called on CBA to reverse last year’s decision to lift bonus caps, which threatened to unwind hard-won gains from the inquiry.
ASX faces worst profit season in two years as banks sell off
The sharemarket has erased over $30 billion in market value this week as the big banks took the sheen off an otherwise surprisingly resilient earnings season.
Bank profit falls send uneasy investors into panic mode
NAB was the second major bank in three days to warn of weaker profits. An 8 per cent share price fall raised investors’ concerns the sector has begun to derate.
This banker email shows Dutton is right on ESG going too far
A construction company received a 37-point compliance list before funding would be considered, in addition to the standard credit application.
Major banks move quickly to pass on cut in full
Westpac, NAB, CBA and ANZ have all announced a 25-basis-point cut to their mortgage rates, just minutes after the central bank moved the cash rate lower.
Why China’s state control is a hidden advantage in global AI race
While Western tech giants struggle with AI safety, China’s top-down, censorial approach might be creating more trustworthy systems for business use.
Bigger story behind Sanjeev Gupta’s faltering empire
Readers’ letters on the need for a new model of capitalism; improving students’ literacy; culture wars hurting innovation; CBA’s share price; and robot dogs.