CBA boss takes swing at ‘free-riding’ tech giants
Commonwealth Bank boss Matt Comyn has come out swinging against the technology giants, saying they required further regulation and labelling them ‘free riders’.
Commonwealth Bank Of Australia
Major bank’s move on common app
Commonwealth Bank is rolling out a new feature for customers, focusing on an app used by millions of Aussies every day.
ASX 200 trims gains; Goodman, IPH get first strike
‘Incredible value’ in CFMEU relationship: Cbus CEO. Major Pacific Smiles offloads stake, aiding Genesis in takeover battle. Tech giants ‘free riders’: CBA boss. IPH, Goodman get first strikes against executive pay.
The ‘big switch’ driving CBA’s mega milestone
There are big forces helping Commonwealth Bank to defy gravity and quietly move up the pecking order to be the 11th biggest bank in the world.
Major Aussie bank posts mammoth profit
One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.
Major Aussie bank posts mammoth profit
One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.
RBA rate cuts could be later than expected, CBA boss warns
CEO Matt Comyn says global geopolitical tensions are creating uncertainty as higher rates continue to weigh on consumer demand after Australia’s biggest bank reported flat quarterly cash earnings of $2.5bn.
ASX 200 down; Nuix, MinRes among worst decliners
ASIC warns of broader Cbus-like issues as super gint agrees to Senate hearing. Johns Lyng gets second strike. MinRes to mothball WA mine, 300 jobs impacted. Nuix sinks 20pc-plus despite CEO assurance. WiseTech hit with class action.
ASX 200 down; Paladin smashed; Platinum cops second strike
Paladin sinks 20pc-plus on mine challenges. Platinum Asset investors vote against pay plan. New intraday records for Aristocrat, CBA. ACCC says airfares up since ‘Rexit’, but Qantas has a different view. Business, consumer confidence up.
CommBank breaks a big share price barrier
In the space of minutes on Monday Commonwealth Bank shares hit $150 and its market cap reached $250bn. Where to next?
LGT Crestone agrees to deal for the last of CBA’s wealth arm
Commonwealth Bank has offloaded the last vestiges of its wealth advice operations to LGT Crestone and almost 500 clients will move to the local arm of the asset management giant.
ASX 200 down; what next after CBA’s $250bn milestone
Resolute Mining CEO arrested in Mali. Endeavour’s profit warning weighs. Incitec rises on improving earnings, sale update. HMC hits record. CBA sets new peak at $150.35. DP World takeover fires up Silk Logistics.
Trio battles for MOTM honours: Every Australia, Tonga player rated
Three Kangaroos stars battled it out for player of the match honours in Australia’s Pacific Championships final win over Tonga – but who came out on top? See our player ratings and have your say!
ASX 200 rises on record day for CBA; Block down
Super fund HESTA demands early exit for MinRes CEO Chris Ellison as partner Albemarle ramps up pressure. Scandal-hit ANZ’s cash profit drops. Cuscal kicks off $336.8m IPO roadshow. Block down on revenue miss.
ASX lifts on US election excitement; Fortescue avoids second strike
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.
Share tips: experts’ buy, hold and sell suggestions
This week’s share tips columnists examine some of the biggest names on the ASX, and they may be ripe for profit-taking.
ASX ends down 0.8pc as inflation data dashes hopes of early rate cut
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.
Darling Park sparks up with tenant reshuffle
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.
CBA accused of bullying staff with return-to-office edict
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.
Banks clash on loan rules amid housing shortage
CBA and Westpac say current settings are appropriate as NAB and the ABA call for changes to the serviceability buffer.
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