Update after funds wiped from accounts
CommBank customers woke on Saturday to find funds had been taken from their accounts for transactions they had already paid for.
Commonwealth Bank Of Australia
Major bank glitch leaves people in ‘poverty’
Australia’s biggest bank is urgently addressing a major issue that has left hundreds of customers panicking about their finances.
Sydney is Sky Blue: Klimala steals show as stars shine
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.
CBA fined $7.5m for 170 million spam emails
The nation’s largest bank has been fined for sending 170 million emails to Australians without offering the ability to unsubscribe.
CBA banks on transition for climate exposed communities
Shareholders line up in Adelaide to lob questions at the nation’s biggest bank over its lending policies.
Major bank’s move in rate hike crisis
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.
ANZ taps consulting firm for culture, governance deep dive
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.
Major bank double downs on 2024 rate cut
Commonwealth Bank predicts homeowners will get an early Christmas present, with a rate cut coming in December.
ASX hitting record highs; RBA to cut in Feb: NAB
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.
Why CBA is growing more sure of an RBA cut this year
Commonwealth Bank is the only major expecting an RBA cut by December. Now it’s more confident than ever in that view.
See inside: New look for CBD office tower after $30m revamp
A $30m revamp of the prominent former Commonwealth Bank HQ building on King William St in Adelaide has been completed. Take a look inside.
Proxy firms take aim at CBA chief’s pay rise
Commonwealth Bank chief executive Matt Comyn’s mammoth pay packet has come in for attention from influential proxy groups ahead of the lender’s annual general meeting.
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.
CBA’s Comyn moves succession pieces around the board
There are two big messages coming out of the management reshuffle at the nation’s biggest bank.
CBA revamps leadership team ahead of senior departures
The nation’s biggest bank has announced three new senior executives amid a shake-up.
ASX 200 dips; MinRes, Woodside and Newmont lead gains
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.
Former CBA executive jailed over $2m kickback scandal
Ex-Commonwealth Bank IT executive Jon Waldron has been handed a minimum sentence of four years after accepting bribes and profiting off his position.
Fighting fraud: CommBank homes in on identity thieves
Scams are costing Aussies billions of dollars a year but criminals trying to steal your identity now have a new barrier to overcome.
CBA sells stake in Vietnam bank
The bank is further shaving its overseas exposures, offloading a stake in the Vietnamese lender assembled in 2010.
‘Political will’ needed to get crypto off ground
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.
Business priority as banks welcome new leadership
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.
Expert’s huge call on Aussie interest rates
Leading Australian economists say the RBA will deliver a gift to cash-strapped households in February, but one key player is holding firm on a rate cut this year.
ASX 200 retreats from record; Myer down
PwC tax scandal evidence called into question. Myer cuts dividend on profit slide. Harvey Norman to defend ‘junk’ warranties class actions. Macquarie’s big US regulatory settlement.
Big four bank’s controversial AI play
One of Australia’s big four banks is exploring the prospect of trialling an AI-style chatbot that could replace its call centre staff.
CBA leaps forward in banks’ AI race
The nation’s largest bank has just leapfrogged its big four competitors as it implemented some of the most powerful AI tools in the region.
Businesses bank on upgrading assets in defiance of gloom
Despite the ever-present economic gloom, new electric vehicles and hybrids are prominent among a wave of assets businesses have sought funding for, Commonwealth Bank says.
Surprising reason behind spending splurge
Economic activity jumped last month, but Australia’s biggest bank warns the frothy spending could be temporary.
ASX 200 rises; CBA, Macquarie surpass records
Plibersek approval for Stokes-backed BCI’s Mardie project. Steadfast slumps on response to allegations. Tassie salmon may raise a stink at Coles AGM. Jim Chalmers considers ‘next steps’ on RBA reforms.
Chrysos tests global gold expansion
The environmentally friendly element of the mining process has helped Chrysos secure $95m in green loan funding from the Commonwealth Bank.
ASX 200 lifts as CBA, Macquarie test new peaks
CBA hits all-time intraday high. Macquarie up 2.3pc on the day. First Super’s CFMEU-linked co-chair steps down after APRA action. Pacific Smiles CEO Andrew Vidler resigns.
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