Job cuts hit major Aussie bank
Australia’s biggest bank is expected to cut more than 100 jobs from its technology division.
Commonwealth Bank
From CommBank interest rates and credit cards to home loans, we have all the latest banking news.
Fresh development in Dutton share saga
Peter Dutton announced a shares sale on the day the country was warned of a “national economic emergency”, it can be revealed.
Bank boss makes huge cash call
Commonwealth Bank boss Matt Comyn has backed cash, saying his bank will provide it to customers even as customers preferences change.
Early rate cut tipped to bring massive housing shift
Experts are forecasting the property market could look very different once the RBA starts to drop interest rates. Here’s how a February rate cut could shape the year ahead.
Big bank’s call on rate cut
One of Australia’s big four banks has renewed its prediction for when the Reserve Bank will cut the cash rate, as spending dropped after the Black Friday sales.
CBA smashed in $42b Aussie meltdown
Australia’s major banks have emerged the losers in more drama today, with Commonwealth Bank leading the charge with an almighty tumble.
CommBank boss ‘unaware’ of $3 fee
The boss of Australia’s largest bank says he was unaware of the controversial $3 service fee being applied to one account before it was announced.
TV host torches CommBank after backflip
A Current Affair host Ally Langdon has doubled down on her CommBank criticism, insisting the bank has “nobody to blame but themselves”.
CBA’s major move on controversial cash fee
A proposed $3 fee on cash withdrawals from Commonwealth Bank branches for some customers has been paused in response to national fury.
‘Not fair’: Gov wants to end $3 bank fee
The Albanese government has slammed a bank’s decision to charge customers a fee to withdraw money from their own accounts, claiming it “doesn’t seem fair”.
Customers rage after bank exec’s interview
Ally Langdon grilled Angus Sullivan over CommBank’s controversial decision to slug customers with a $3 fee for withdrawing their own cash.
‘Contempt’: Katter unleashes on new bank fee
Maverick MP Bob Katter has joined the chorus of criticism against CommBank for imposing a $3 fee to withdraw cash from some accounts.
The 175 charities that just got $20K each
Commonwealth Bank has announced that its staff foundation has raised $3.5 million in 2024 to donate to 175 charitable organisations around Australia. CONTENT PARTNERSHIP
Major bank’s move on common app
Commonwealth Bank is rolling out a new feature for customers, focusing on an app used by millions of Aussies every day.
Major Aussie bank posts mammoth profit
One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.
CBA staff sent brutal return-to-office email
Commonwealth Bank staff have been issued a brutal warning from their employer, with the company threatening their pay over its return-to-office push.
Update after funds wiped from accounts
CommBank customers woke on Saturday to find funds had been taken from their accounts for transactions they had already paid for.
Major bank double downs on 2024 rate cut
Commonwealth Bank predicts homeowners will get an early Christmas present, with a rate cut coming in December.
Millions to get money back from bank
Millions of Aussies will get money deposited back into their account after it was found major banks overcharged.
Expert’s huge call on Aussie interest rates
Leading Australian economists say the RBA will deliver a gift to cash-strapped households in February, but one key player is holding firm on a rate cut this year.
Big four bank’s controversial AI play
One of Australia’s big four banks is exploring the prospect of trialling an AI-style chatbot that could replace its call centre staff.
Surprising reason behind spending splurge
Economic activity jumped last month, but Australia’s biggest bank warns the frothy spending could be temporary.
Win for millions as major bank slashes rates
Another major bank has moved to slash fixed and variable rates, following other lenders including Westpac and NAB.
Bank’s staggering cash cost revealed
Australia’s largest bank has detailed the huge cost of keeping cash circulating nationwide, saying what we take for granted is “challenging”.
‘Blacklisting’: Big bank’s major change
One of Australia’s biggest banks has revealed a big change in how it handles fossil fuel companies in a bid to tackle climate change.
Big bank’s great news for homeowners
Australia’s biggest bank has just delivered some heartening news for struggling mortgage holders.
Dark warning in CBA’s 9 billion profit reveal
Commonwealth Bank has revealed loan arrears are on the rise, as it posts a $9.48bn statutory profit for the full year.
‘Significantly weaker’: Disturbing Aussie trend
A disturbing inequality between one group of Aussies and everyone else has been highlighted in a new report.
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
One state Aussies are fleeing to
Finance behemoth Commonwealth Bank has released its latest economic health check on the nation and there is one state blowing everyone else away.
Major bank’s warning on rate cut risk
One major Aussie bank has made a major call on when the next rate cut will kick in – and it’s not all good news.
CBA cuts daily cash deposit limit
Commonwealth Bank has sparked controversy among some customers with a change to how its ATMs can be used.
Major bank reveals huge rates offer
Australia’s biggest bank is hoping to claw customers away from its competitors, announcing a below-average home loan rate.
One thing propping up Aussie economy
As the Commonwealth Bank boss announced a profit slide, he said one thing was providing a “tailwind” for the Australian economy.
CBA makes call no Aussie wants to hear
The Commonwealth Bank of Australia has made a devastating prediction that millions of Aussies will not want to hear.
Surprising group buying up homes
Aussies are battling explosive house price growth with a smart new trick that means they can buy a property without moving out into the boondocks.
Warning to online banking customers
An online banking customer has urged others to update their passwords after they couldn’t access their account.
Big bank’s apology after major outage
Customers at one of the big four banks were left outraged after its app went down.
ASX resets record close thanks to banks
Buoyed by a bumper session for Australia’s largest retail bank, the benchmark set a record close on Thursday.
Fury as major bank shuts all branches
Customers are furious as a major regional Australian bank, which is part of CBA, announced closures of every branch in favour of online banking.
Big bank’s huge call on interest rates
Australia’s biggest bank has raised mortgage holders’ hopes by predicting interest cuts will start rolling earlier than expected, with at least three reductions before Christmas.
‘2025’: CommBank’s dire new rates prediction
The Reserve Bank may not cut rates until next year, the CEO of Commonwealth Bank has warned in a break with his own economists.
ASX marred by cost of living pressures
Major banks are also being impacted by the cost of living pressures and the results are playing havoc with the Aussie sharemarket.
Major bank makes $5bn cash profit
One of Australia’s big four banks has recorded a cash profit after closing 354 branches across the country in just five years.
Wild stat shows push towards cashless
Aussies know bank branches are shutting down rapidly, but the closure statistic for one of Australia’s big four banks is truly mind-boggling.
Bank’s urgent warning against new scam
One of Australia’s major banks has urged customers to “immediately” do this one thing if they get this message, which purports to be from the bank themselves.
Huge blow to brazen text scammers
The Commonwealth Bank and Vodafone are piloting a new “intelligence sharing” initiative to help protect customers from the rising number of text message scams.
Big change to CommBank tomorrow
Some Sydney-based contractors, as well as other permanent roles, to go in job losses that have left staff “anxious for updates for months on end”.
Last Big Bank smacks Aussie homeowners
Australia’s biggest bank is the last of the Big Four to slug Aussie homeowners with another lift in interest rates. Here’s how much you’ll pay.
How bank profits are squeezing customers on the margins
CBA’s latest record $10.2bn profit is sure to anger Australian households currently struggling with rising rates and cost of living pressures.
Major bank slashes nearly 200 jobs
Australia’s biggest bank will slash another 192 jobs, bringing its total staff cuts to more than 1000 in the past year, as part of its automation initiative.
‘Lying’: Family reacts to $90k bank scandal
Family and friends have made startling admissions about the couple who lost $90k in a bizarre transaction that Commonwealth Bank can’t trace.
Extraordinary claim on couple’s missing $90k
A new theory on what happened to an Australian couple’s missing property deposit worth $90,000 has been floated by a family member.
CBA question couple’s $90k claim
An Aussie couple claims to have lost $90,000 from their Commbank account. However, the bank is telling a very different story.
CBA facing $40m Matildas dilemma
CBA continues to kick goals with its sponsorship of Australia’s two most valuable sporting teams – but its support is set to become more costly.
‘Laughable’: Bank lashed for cutting 88 roles
As staff complain of being “overworked” the union slams the bank for cutting yet more roles, despite record profits.
CBA result helps ASX finish higher
The banks buoyed the Australian share market on Wednesday, after the Commonwealth Bank posted its full-year report.
$10.4 million payday for bank boss
As Aussies battle spiking mortgage costs, the nation’s largest retail bank has announced its largest ever profit results, with the chief executive’s pay packet swelling.
Fury at bank’s new restrictions on accounts
One of the big four banks has put limits on certain customers’ accounts in an effort to prevent fraud — but the move has sparked backlash.
Commonwealth Bank’s shock move
Hundreds of staff were left in the lurch after the bank announced it would make job cuts to combat company expenditure.
Dire warning for Aussie mortgage holders
Persistent high inflation and its impact on interest rates continue to have a brutal effect on millions of Australian households, the Commonwealth Bank says.
Union takes on CBA’s return to office order
The Financial Services Union is up in arms about Commonwealth Bank’s push to get workers back in the office.
$560,000 sent to wrong bank account
An Aussie boss accidentally sent more than half a million dollars to the wrong bank account, but the owner hasn’t been found.
Aussie bank staff terrified of losing job
Bank staff say they’ve “had enough” in the wake of recent job losses, concerned their own positions are incredibly tenuous.
Major bank’s miserable recession prediction
One of the four big banks has offered a gloomy update to its economic forecast but there is “light at the end of the tunnel”.
‘Alarming’ reason for big bank’s record fine
An Australian banking giant has been issued with a record fine after taking “ineffective” steps to address an issue that annoys customers.
Glaring ‘hypocrisy’ in bank’s WFH crackdown
Commonwealth Bank sparked an internal revolt by ordering staff back into the office — and one glaring “hypocrisy” has been revealed.
‘Bloodbath’: Aussies revolt as WFH axed
Staff at one of Australia’s biggest banks have unleashed a “bloodbath” after their boss announced a big change to their work model.
Major bank orders staff back to office
A battleground is looming on working from home as another major Australian employers cracks down on the popular measure.
Final big bank announces hike
Aussie homeowners are in for pain as the final major bank hikes interest rates yet again.
CBA slammed for gutting hundreds of jobs
Commonwealth Bank is under serious fire from the Finance Sector Union after reportedly cutting ties with over 200 workers.
Major banks to rake in $11.7b in profit
Australia’s big banks are predicted to reveal they have raked in their biggest earnings in the last 30 years.
Popular bank hikes new mortgage rates
A major Australian bank has locked in fresh rate increases, days after warnings the country is one of the most at-risk globally to face widespread mortgage defaults.
‘Fat cats’: Major bank cuts Aussie jobs
Commonwealth Bank has been slammed over announced Australian job cuts, accusing senior “fat cats” of having no concerns over the decision.
‘Intimidate’: Major bank spying on staff
Australia’s biggest bank has been criticised for conducting secret surveillance on staff in a move that has been labelled as “unacceptable”.
RBA to test new ‘digital currency’
The real-world viability of non-physical forms of currency are being explored as the RBA tests new digital payments with e-AUD.
‘Cut throat’: Aussie company slashes staff
A firm backed by one of Australia’s major banks has cut teams and a range of roles as the overall economic situation worsens.
Bank’s shock interest rate move
Major banks are looking to pass on even higher interest rate hikes or increase them out of step with the RBA, as more Aussies become “mortgage prisoners”.
Major banks move early on rate hike
Two of Australia’s biggest banks have moved to change their fixed home loan interest rate – days before any announcement from the RBA.
Boomer’s spectacular interest rate rant
A Boomer has hit out at one of Australia’s big four banks for causing customers a “huge” amount of financial pain, while it rakes in record profits.
Original URL: https://www.news.com.au/topics/commonwealth-bank