Local bourse rises strongly on broad gains. Future Fund puts MinRes on notice over Ellison ‘mistakes’. Fortescue to lean on government to help with green energy costs. Domain’s disappointing update weighs.
This week’s share tips columnists examine some of the biggest names on the ASX, and they may be ripe for profit-taking.
The S&P/ASX 200 index closed down 0.8 per cent at 8180.4 points after hitting a three-week low after disappointing inflation figures and a profit warning from Woolworths. Annual headline inflation drops to 2.8 per cent. Trimmed mean CPI of 3.5 per cent meets estimates. CBA scraps call for RBA rate cut in December.
The owners of Sydney landmark Darling Park have struck several major leases in deals that show some confidence in the city’s western corridor market.
The Finance Sector Union says the Commonwealth Bank’s decision to discipline or cut bonuses from workers who breach return-to-office rules is outrageous.
CBA and Westpac say current settings are appropriate as NAB and the ABA call for changes to the serviceability buffer.
ASX 200 slips in cautious trading. WiseTech CEO resigns. CBA, Westpac rebuff flexible serviceability buffer call for home loans. Weak quarter weighs on Reece, Fortescue and Brambles. Super Retail tried to settle claims ahead of court fight. HMC lines up data play with $2bn Global Switch deal.
The Finance Sector Union has taken aim at Commonwealth Bank, accusing the bank of sending 24 jobs offshore at the same time it cuts back on its footprint in Western Australia.
Local shares rally after Friday’s sell-off as US remains resilient. WiseTech dives as Board investigates allegations against CEO Richard White. Retailers down as Nick Scali drops on profit warning. MinRes shares hit as Board backs CEO Chris Ellison amid investigation over alleged tax evasion. Vulcan issues profit warning.
Commonwealth Bank has slugged thousands of customers extra for transactions after the bank’s systems double billed many for spending on their card.
CommBank customers woke on Saturday to find funds had been taken from their accounts for transactions they had already paid for.
Australia’s biggest bank is urgently addressing a major issue that has left hundreds of customers panicking about their finances.
All eyes were on Douglas Costa and Juan Mata coming into the the Sydney derby, but it was Polish forward Patryk Klimala that stole the show during Sydney FC’s win over the Wanderers.
The nation’s largest bank has been fined for sending 170 million emails to Australians without offering the ability to unsubscribe.
Shareholders line up in Adelaide to lob questions at the nation’s biggest bank over its lending policies.
Customers are feeling the pinch from the cost of living crisis, with Australia’s largest bank revealing the huge number of people struggling to pay their mortgages.
Oliver Wyman, which reported on CBA’s governance in 2018, will conduct a sweeping review of culture and risk governance in ANZ’s embattled institutional division.
Commonwealth Bank predicts homeowners will get an early Christmas present, with a rate cut coming in December.
Sharemarket sets new highs after US gains. NAB revises rate cut prediction. Private equity circling wealth platform market. CBA says households cutting back spending. Tyro sinks on RBA review of card payments and surcharging.
Commonwealth Bank is the only major expecting an RBA cut by December. Now it’s more confident than ever in that view.
Original URL: https://www.theaustralian.com.au/topics/commonwealth-bank-of-australia/page/2