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.
Commonwealth Bank
From CommBank interest rates and credit cards to home loans, we have all the latest banking news.
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.
Original URL: https://www.news.com.au/topics/commonwealth-bank/page/2