Spenders go cashless to curb coronavirus contagion
Digital wallet transactions busted through $1bn in March, a 17pc increase from February, says CBA.
Commonwealth Bank Of Australia
Rating downgrades reflect trauma
It’s no consolation for the big four banks that Standard & Poor’s has form in switching their credit-rating outlooks to negative.
Self-funded retirees will miss dividends
In directing the banks to cut dividends, the prudential regulator has attacked a sacred cow.
S&P lowers outlook for banks
S&P flags lower loan growth as a risk, as the big four confront the pressures of the coronavirus.
Business loans surge as coronavirus crisis hits
Businesses are rushing to grab whatever help they can, with banks reporting a surge in demand for loans.
Comyn: banks can still pay dividends
Commonwealth Bank CEO Matt Comyn has played down suggestions Australia’s banks will suspend dividends.
NZ hits banks in dividend clamp
PM says Australia has no current plan to mimic the dividend ban being forced on banks in the UK and New Zealand.
Moody’s cuts bank system credit outlook
Capital buffers are expected to deteriorate ‘in the event of a deep and prolonged economic slowdown’.
CBA in payment to borrowers
Commonwealth Bank will make a one-off payment to customers who’ve deferred home loan repayments due to the virus crisis.
Dividends to dive as defaults hit banks
Standard & Poor’s tips a threefold increase in defaults at Australia’s biggest banks over the coming year.
A very British way to beat your banks into line
Australian banks would have been watching nervously as the UK regulator very politely told Britain’s banks they’d be torn to pieces if they didn’t toe the line.
Debt delayed, not forgiven as banks offer what they can
Senior bankers know there’s a freight train coming right at them in six to 12 months when conditions start to normalise.
Bigger hit coming: CBA
In the space of a week CBA doubled the size of the hit it expects the economy to take, CEO Matt Comyn reveals.
CBA grants 15,000 home loan deferrals
CBA and ANZ are preparing to add call centre staff, amid expectations the deluge of requests for repayments relief will continue.
Banks step up to the challenge
Critical to minimising job losses from the coronavirus fallout is protecting the property market, Jeffries’ Brian Johnson says.
Banks offer $8bn small business lifeline
Banks will defer small business loan repayments for six months in a move said to be worth as much as $8bn.
Economy faces ‘difficult period’
Financial institutions face ‘real pressure’ in an unprecedented economic environment, according to CBA chief Matt Comyn.
RBA, government on same page
CBA’s move on Thursday to slash its lending rate to small businesses by 100 basis points took other banks by surprise.
Welcome relief, but more needed
The RBA and federal government have made an admirable start to the necessary coronavirus recovery packages.
Home loans: to fix, or not to fix?
Should home loan borrowers fix? That depends if you think you can ‘beat the bank’.
Original URL: https://www.theaustralian.com.au/topics/commonwealth-bank-of-australia/page/59