CBA’s China sale delivers $1bn windfall
After two decades, the banking major calls time on one part of its ambitious Chinese expansion.
Commonwealth Bank Of Australia
ASX rises; IGO lithium mine expansion shuttered
Australian shares track US gains. Wesfarmers soars on upgrade. Goodman reverses intraday gain. Monadelphous, Synlait jump on updates but Kogan dives. Trump China comments lift stocks, $A. IGO creeps up despite hammer blow dealt to lithium plant.
Why CBA makes this investment guru nervous
Australian Foundation Investment Company boss Mark Freeman has cautioned on the outlook for equities and bank valuations.
ASX rises again after Trump inauguration
The ASX rises 0.3 per cent to a seven-week highs on positive US leads. Qantas shares soar on US peer gains. CBA, Goodman, NAB, Westpac, WiseTech top contributors. Paladin soars as operations improve. Iluka drops on estimates miss.
Call to scrap fees costing Aussies $960m
As Australians deal with cost-of-living pressures, these unpopular fees are collectively setting families back hundreds of millions of dollars per year.
ASX 200 ends up 1.4pc on US rebound; CBA still tips Feb rate cut; Zip rises
Economists divided over Feb rate cut forecast after 56,000 jobs boost. Rio rises after ‘good finish’ to 2024. Zip jumps after Sezzle earnings upgrade. Star edges up. Softer US core inflation boosts equity sentiment.
Over a quarter of small business owners not paying themselves
Business owners struggling in an uncertain economy have been resorting to withholding their own salary or using personal savings to help prop up their ventures, a survey shows.
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.
ASX 200 mostly recovers from fall; Star, Lovisa hit
November retail sales undershoot expectations despite Black Friday boost. Casino group Star’s investors react to latest cash crisis. Rex board aware of ‘bewilderingly bad’ sales: ASIC. Arcadium lifts on US nod to Rio buyout.
CBA gave regulators no notice of cash access costs
Searches at ASIC and APRA have shown no record of CBA telling the regulators it was preparing to push customers to accounts requiring them to pay $3 to access cash at branches.
CBA called Tyme on digital investment too early
It’s the unicorn-sized investment Commonwealth Bank missed out on and likely rues. What does that say about the risk appetite of major Australian banks?
Socceroos attacker’s hot form continues in Wanderers rout
Brandon Borello fired Western Sydney Wanderers to a thumping of Wellington Phoenix as a young teammate continued his push for a Socceroos call up. Get the latest from every A-League game here.
Cricket dumps CBA after 37 years
Cricket Australia has decided to part ways with long-term sponsor Commonwealth Bank, ending a 37-year partnership.
ASX 200 grapples with broad selloff; CBA hits 5-week low
Utilities, energy stocks the only bright spots as index falls to three-month low. CBA tops large-cap declines. Mesoblast down on profit-taking. Japan’s Nippon Sanso to buy Wesfarmers’ Coregas.
It’s unfathomable ANZ didn’t halt charging fees to dead customers
The royal commission’s findings should have served as a wakeup call but in reality, at ANZ while the bank’s top brass said all the right things, they didn’t adequately heed the warning.
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.
Inflation fight is mission critical: Commonwealth Bank CEO
Matt Comyn says interest rates may fall faster than the market expects and it is critical for the long-term health of the economy and the country that inflation is brought under control.
ASX 200 ends flat; CBA, Goodman up; ANZ, Platinum among big decliners
Ex-HSBC veteran Nuno Matos will be next ANZ CEO. Platinum crashes, Regal down after takeover talks end. CBA, Goodman jump. Star hits record low. Woolworths flags $140m hit from now-ended strikes. Sonic buying German lab group for $699m. GQG rises after canning buyback.
Major bank’s renewed cash rate call
The big four bank is holding on to predictions of a rate cut in February following Australia’s anaemic growth figures released on Wednesday.
CBA backs down on bank fees
Australia’s biggest bank will pause its push to tip customers into new accounts which would charge them $3 per withdrawal.
Original URL: https://www.theaustralian.com.au/topics/commonwealth-bank-of-australia/page/3