Commonwealth Bank
Small businesses hit with $7 billion in unexpected costs
Small businesses buckling under the pressure of rising costs and a sluggish economy have been hit with $7 billion in unexpected costs in the past year, highlighting the financial pressure on the nation’s engine room.
- by Sumeyya Ilanbey
Latest
CBA is taking down 50 fake websites a week. The boss wants tougher rules
As he defended the bank’s $9.8 billion profit before a parliamentary inquiry on Thursday, CBA boss Matt Comyn also called for an overhaul of the tax system.
- by Millie Muroi
‘Bored’ CBA staffer stole details of hundreds of customers to feed fraud
Curtis McNulty stole more than $53,000 from PayPal while working for the bank in Sydney, mainly by using fraudulent refunds for items such as $3000 sneakers.
- by Clare Sibthorpe
Businesses show surprising confidence despite inflation woes
While a significant number of businesses are struggling, 60 per cent of companies say they are planning to expand in the next year, a survey shows.
- by Sumeyya Ilanbey
Updated
Interest rates
CBA reignites mortgage wars with lower rates for new borrowers
The Commonwealth Bank of Australia has cut interest rates on home loans for new borrowers, days after the nation’s largest lender was criticised for slashing the rate on term deposits.
- by Sumeyya Ilanbey
Opinion
Earnings season
What’s driving the CBA money machine, and what would a rate cut do?
The biggest company on the ASX is a critical bellwether for the economy. Beneath the bank’s headline $9.8 billion profit, a few points stood out.
- by Clancy Yeates
Bribery scheme involved ‘corruption at highest levels’ of CBA, court told
“$$landed,” a manager at the Commonwealth Bank texted days before receiving a bribe. Jon Waldron is awaiting his sentence for taking $US2 million in kickbacks.
- by Michaela Whitbourn
Updated
Earnings season
CBA chief sees economic rebound as bank posts $9.8b profit
Matt Comyn is expecting some relief for households over the next year after a post-pandemic downturn that has depleted household savings to historic lows.
- by Sumeyya Ilanbey
CBA yearly profit set to fall below $10 billion
Investors are highly anticipating the release on Wednesday of CBA’s full-year results, which are widely seen as a bellwether for the health of the broader economy.
- by Sumeyya Ilanbey
More than guts: Four checkboxes for small business to make it in WA
A banker who sees numbers for 775,000 enterprises nationally “wouldn’t have the guts” to do it – but for the determined, she recommends ticking these four boxes.
- by Peter Milne
Spending the inheritance: Boomers splurge on dining, travel as young people cut back on essentials
Young people have been cutting back on items such as groceries and health insurance, while over-65s have increased spending in almost every category.
- by Rachel Clun
Original URL: https://www.watoday.com.au/topic/cba-eu