Why Regal’s Phil King is taking on the widowmaker trade
Is the hedge fund boss being brave or foolhardy by going where many have gone before and fortunes have been lost.
Is the hedge fund boss being brave or foolhardy by going where many have gone before and fortunes have been lost.
Here is the latest company close update for Commonwealth Bank of Australia, CBA.
There are two big messages coming out of the management reshuffle at the nation’s biggest bank.
The nation’s biggest bank has announced three new senior executives amid a shake-up.
Oil, gold stocks jump on Middle East conflict escalation. Jobs to go in Country Road restructure. SiteMinder insider’s $85.4m selldown. Kennett to retire after juice company merger. CEO changes at Collins Foods, KMD. CBA shuffles top deck.
Ex-Commonwealth Bank IT executive Jon Waldron has been handed a minimum sentence of four years after accepting bribes and profiting off his position.
Scams are costing Aussies billions of dollars a year but criminals trying to steal your identity now have a new barrier to overcome.
The bank is further shaving its overseas exposures, offloading a stake in the Vietnamese lender assembled in 2010.
Australia is witnessing some green shoots in its development of cryptocurrencies and blockchain, but an upcoming election could halt its progress, a conference has been warned.
Australia’s top bankers are in the limelight after the anointing of Westpac’s new boss, leaving just ANZ and Commonwealth Bank to announce their future leadership line-up.
BHP cuts dividend after profit fall. Coles earnings beat estimates. Woodside to walk ‘growth funding tightrope’. Guzman Y Gomez gains after profit beat. Johns Lyng dives on revenue miss. Lovisa trading update disappoints. CBA chief economist steps down.
Ciarán Carruthers to leave Crown. Downgrades loom for Bendigo Bank, NIB. Perpetual’s impairment weighs. Kogan soars. Aussie Broadband jumps on first dividend. Kelsian tanks on capex guidance. Aviation reforms to improve competition.
Commonwealth Bank’s decision to cut its fixed and some variable mortgage interest rates is good news for borrowers, and the move might herald a fresh race from lenders to go lower.
Another major bank has moved to slash fixed and variable rates, following other lenders including Westpac and NAB.
Cushioned by government support, Australia’s big banks are cutting their deposit rates for savings accounts and crushing their last remaining competitors.
CBA’s chief executive says many regional communities are navigating lingering cost pressures well and expressing optimism, despite grappling with persistent labour shortages.
Australia’s largest bank has detailed the huge cost of keeping cash circulating nationwide, saying what we take for granted is “challenging”.
Commonwealth Bank has eased credit settings for property developers and is beginning to see signs of recovery in the construction sector.
CBA has provocatively detailed for the first time that it costs $350m a year to supply cash to its branches, in a move that will open up the vexed cash services issue yet again.
Commonwealth Bank is backing a pilot program developed by Apate AI that uses a bot to chase down scammers, retrieving their banking details and other identifiable information.
Original URL: https://www.theaustralian.com.au/topics/commonwealth-bank-of-australia