CBA rallies on dividend beat and $1bn buyback amid record profit. InvoCare board backs lower TPG bid. Suncorp falls on ‘disappointing’ update. Energy providers see strong turnover. Australia likely to avoid hard landing.
Westpac has jumped on the bandwagon and is forecasting rising house prices for 2023 as the interest rate environment improves and demand outstrips supply.
TPG Capital cuts bid price for InVoCare. Iron ore chaos if China cuts steel production, Goldman Sachs warns. Fortescue in court over Aboriginal compensation. Bain, Estia Health sign takeover deal. Westpac ups house price growth.
The benefits of reduced mortgage competition will not yet shine through to earnings when CBA kicks off bank reporting season, as a fight for deposits adds to margin pressure.
The banking major will incur a $212m provision on its Bankwest restructuring and a one-off levy for the Albanese government’s financial redress compensation scheme.
Bourse extends gains after RBA opts to leave rates on hold for a second month. Decision sends dollar diving. TPG rockets on $6.3bn Vocus bid. China steel production has peaked: Rio Tinto.
Citi flags concerns about CBA’s valuation premium amid competitive headwinds and slowing home loan growth.
The RLPA have upped the ante in their CBA negotiations by taping over the NRL logo. And they’ve already discussed their next protest move.
Commonwealth Bank has done a deal with a plant nutrition company as part of its strategy to accelerate the development of a carbon credit market in Australia.
Commonwealth Bank is facing criticism after announcing it will cut over 250 roles in its consumer and business banking departments.
The NRL’s longstanding CBA war looks no closer to being resolved, with Clint Newton and the RLPA calling in the big guns as the fight gets even messier.
One of the biggest names in the game has provided a ray of optimism after months of unrest over CBA negotiations.
Former Australian of the Year Michelle Simmons has closed one of the largest start-up funding rounds of the year from investors including CBA, Telstra and the federal government.
CBA has increased its Know Your Customer checks as Austrac circles other banks over dodgy and dated client information.
Parramatta could lose two star players for a month after the NRL handed down some massive bans on Monday.
Commonwealth Bank’s wealth management arm has agreed to pay $100m to settle a class-action lawsuit accusing it of overcharging its customers.
Commonwealth Bank boss Matt Comyn wants urgent licensing requirements for big tech companies, stressing the need for payment system safety, security and competition reform.
Persistent high inflation and its impact on interest rates continue to have a brutal effect on millions of Australian households, the Commonwealth Bank says.
Young people that bought their first home during the pandemic and developers or builders are facing the toughest test as interest rates rise, CBA chief Matt Comyn says.
Gold miners pace gains after US CPI print. INPEX takes 50 per cent Enel Green Power stake. Origin gets $70m from Labor for hydrogen project. Domestic air fares at one-year low.
Market Forces says banks such as CBA, NAB, and Westpac have refused to engage with a human rights complaint over their funding of gas company Santos.
The Commonwealth Bank has directed staff to work in the office at least 50 per cent, sparking anger from the Finance Sector Union.
The Financial Services Union is up in arms about Commonwealth Bank’s push to get workers back in the office.
The historic 10-team NRLW competition has hit its first hurdle, with the launch highly unlikely to go ahead.
Desperate to trim their budgets to make room for higher mortgages and rents, consumers are pulling back on gyms, cafes, entertainment and travel, according to the CBA.
Melbourne Storm captain Christian Welch has broken his silence saying player safety from a longer season is at the heart of the breakdown in talks between the RLPA and the NRL.
Bourse ends at its lowest level since late March as China producer prices dive. Ardent Leisure soars on revenue surge. Tabcorp falls on possible gambling ad changes.
Jason Demetriou is the latest NRL coach to weigh in on the CBA debate, while he also provided some positive updates on a couple of injured stars.
The nation’s biggest lender earlier this year promised to halt regional branch closures while a Senate inquiry into the effects ran its course.
Hundreds of CBA workers have contacted their union representatives to complain about the policy requiring staff to be in the office for at least half of their working time.
Original URL: https://www.theaustralian.com.au/topics/commonwealth-bank-of-australia/page/14