Aussie shares hit record as CBA beats expectations The ASX200 has finished up 0.6 per cent to close at its highest level after CBA, Suncorp and AGL all beat earnings forecasts. AAP · Feb 12, 2025
Comm Bank hikes dividend as shares hit all-time high Australia's leading bank has delivered a $5.1 billion first-half cash net profit, in what analysts have called a "gravity-defying rally". AAP · Feb 11, 2025
Hope for end to wage theft as laws come into force Criminal penalties for employers who deliberately underpay workers have come into effect, with hopes they will deter bosses from engaging in the practice. AAP · Jan 1, 2025
What’s fair in the fight to keep bank branches open and access to cash alive? On Tuesday, Commonwealth Bank announced it was planning to move customers using one of its legacy accounts to its newer “Smart Access” account. The Conversation · Dec 4, 2024
Commonwealth Bank Backflips On Its Plan To Charge Customers $3 For Assisted Withdrawals “We feel we didn’t get the communication right on this, so we’ve paused, and we want to take a different approach.” Pedestrian.tv · Dec 4, 2024
Bank's bungled cash fee a sign of anti-branch shift Australia's biggest bank has backed down on a threat to charge some customers to access their own money after a 24-hour pile-on. AAP · Dec 3, 2024
Commonwealth Bank $3 cash withdrawal fee ‘a kick in the guts’, assistant treasurer says Company unable to quantify how many customers affected by having their account changed to a ‘smart access’ transaction account The Guardian - AU · Dec 3, 2024
Commonwealth Customers Will Soon Cop A $3 Charge For Withdrawing Their Own Cash From The Bank Commbank Australia has announced a change to its users' accounts that will see a withdrawal charge added from next year. Pedestrian.tv · Dec 3, 2024
Young Australians cut back in cost-of-living crisis while older people shop more, data shows Commonwealth Bank finds over-70s cohort spent 7.7% more from July to September than the same time last year The Guardian - AU · Nov 18, 2024
CBA reverses duplicate transactions, vows fee refunds The Commonwealth Bank has fixed a problem that caused repeated transactions for some customers as it promises to refund any fees. AAP · Oct 19, 2024
Commonwealth Bank says it has resolved duplicate transaction issue after funds wiped from accounts CBA says ‘the process to reverse these transactions has been completed’ and any fees charged will be refunded The Guardian - AU · Oct 19, 2024
CBA apologises, pays $7.5m fine after spam emails Commonwealth Bank has been penalised after sending 170 million emails to customers with no way to unsubscribe. AAP · Oct 16, 2024
CBA chair says ethical principles will govern AI use Commonwealth Bank has the "best, most capable people" working on the use of artificial intelligence in its business, chairman Paul O'Malley says. AAP · Oct 16, 2024
Inflation green shoots could spell earlier rates relief A cooling rental market and slower pay growth hint at a disinflationary pulse some economists hope could deliver borrowers an early Christmas present. AAP · Oct 14, 2024
AAP · Aug 29, 2024 No cost to taxpayers from bond scandal: ANZ head There will be consequences across ANZ following the misconduct of employees over bonds, the company's head says.
AAP · Aug 14, 2024 Australian shares finish higher for fourth straight day The ASX200 has finished up 0.3 per cent as Commonwealth Bank, Pro Medicus, Evolution Mining, Seven Group and other big companies report earnings.
AAP · Aug 13, 2024 Shareholders still cash in as CBA profit slips to $9.5b Commonwealth Bank's net profit after tax was down six per cent to $9.5 billion in 2023/24 but Australia's biggest bank is increasing its dividend.
The Guardian - AU · Aug 7, 2024 Commonwealth Bank still predicts interest rate cut in 2024 as RBA defends keeping cash rate on hold Reserve Bank’s chief economist says it is ‘difficult’ to hear the stories of those who ‘are struggling’
AAP · Jul 14, 2024 Banks lashed for ripping off poorer customers The market watchdog has slammed four major banks for causing financial distress to more than two million Australians by systematically overcharging on fees.
The Canberra Times · Jul 10, 2024 Customers urged to find new branches with Commonwealth Bank to close site It is understood no jobs will be lost in the closure.
AAP · Jul 3, 2024 'Deep flaws' in ASIC enforcement prompt calls for split A bloated remit and chronic under-resourcing at Australia's corporate watchdog have been canvassed in a scathing parliamentary report.
AAP · Jun 9, 2024 Jobs market put to test in sluggish economy Economists expect another relatively robust jobs report for the month of May even as higher interest rates knock the economy around.
AAP · May 9, 2024 CBA's quarterly profit down while delinquencies tick up Commonwealth Bank's quarterly profit was down while the percentage of its customers in arrears grew slightly in the March quarter.
AAP · Mar 13, 2024 CBA restores service, apologises after overnight outage Commonwealth Bank has apologised after an outage overnight locked customers out from their accounts.
AAP · Mar 12, 2024 Comm Bank customers shut out of online banking Commonwealth Bank customers are unable to access their accounts online, with the bank posting a message that it's urgently investigating the outage.