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The Latest Breaking News from Commonwealth Bank

Australian banks passed interest rate hikes on to mortgage holders – so why haven’t they done so for savings accounts?

There’s an obvious reason for the delay. But the banks still need to compete on savings rates to finance their operations

The Guardian - AU

AI war against 'one cent' family violence perpetrators

The use of artificial intelligence can be challenging for many Australians, but one major business has found ways to bring good out of the groundbreaking tech.

AAP

Australian shares reverse early dip as miners soar

The local bourse has gained for a second straight session, supported by resurgent gold stocks and a positive outlook for the Aussie dollar.

AAP

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'My error': Raygun's brother admits role in crypto scam

The brother of Olympic breakdancer Raygun has admitted his role in an alleged celebrity-backed cryptocurrency scam that cost investors more than $180,000.

AAP

Australian shares dip for third day as banks, tech drag

The local bourse has extended its decline in a broad-based sell-off led by IT stocks and banks, while gold hit new highs on safe haven demand.

AAP

Hot or not? Strong spending complicates rate picture

Upcoming data will give the Reserve Bank a better sense of whether higher interest rates are required to take the heat out of Australia's economy.

AAP

CBA to repay $68m in fees to low-income customers

Following a report by ASIC, the Commonwealth Bank says it's repaying $68 million to low-income customers who incurred unusually high banking fees.

AAP

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Shares limp to positive finish after rally loses steam

The local bourse has notched its first four-day winning streak since May, but has only limped across the line in an unconvincing trading session.

AAP

Your bank is already using AI. But what’s coming next could be radically new

In June 1967, the world’s first “automated teller machine” or “ATM” was unveiled at a branch of Barclays Bank in north London in a grand ceremony.

The Conversation

CBA boss says repaying ‘excessive fees’ to low-income customers could be seen as taking shareholder money

Commonwealth Bank Australia– which reported a record cash profit of $10.3bn in most recent financial year – charged $270m in ‘excessive fees’ over five years

The Guardian - AU

Commonwealth Bank boss reveals preferred migration rate

The boss of Australia's biggest bank has nominated a preferred migration rate while appearing before a parliamentary committee. saying a target is appropriate.

AAP

Australian economy 'island of security' in risky seas

A shock fall in unemployment has wrong-footed analysts and dashed hopes of further interest rate cuts as the treasurer talks up Australia's economic strength.

AAP

Bank giant, energy providers rebuked in Shonky awards

A bank that won't refund customers fees it incorrectly charged has topped the annual list of dodgy business behaviour from consumer advocates Choice.

AAP

Morning Mail: Reddit to be banned for under-16s, Commonwealth Bank gets a Shonky, Dick Cheney dies

Minister extends ban to discussion forum and video streamer Kick; former US vice-president and Iraq hawk was a key Republican figure

The Guardian - AU

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The Guardian - AU

Commonwealth Bank, Temu and HCF among those named at this year’s Shonky awards

Choice’s annual list also includes the entire energy retail sector for allegedly hoodwinking customers with confusing prices

AAP

Services restored for thousands hit by CommBank outage

Australia's biggest bank has restored services after an outage that left thousands of customers unable to use online banking and some ATMs.

The Guardian - AU

Overseas holidays and pints at the pub: five things Australians are splurging on as household budgets bounce back

People aged 20 to 34 spent more on non-essential goods in the three months to June than they had a year before, when they were cutting back

The Guardian - AU

Afternoon Update: national guard deployed in Washington DC; Commonwealth Bank’s record profit; and a ‘deceptively cute’ ancient whale

Troops start appearing in US capital after Donald Trump took control of city’s police force

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The Guardian - AU

Commonwealth Bank urged to repay fees of 2 million low-income customers after posting record profit

Australia’s biggest bank delivers bumper payout to shareholders as CBA vows to end lending to coal companies with no net zero plans

AAP

Aboriginal women's service tackling financial abuse

A grant of up to $200,000 will help an Aboriginal women's service tackle financial abuse in their community and build independence for survivors.

AAP

Big bank's tax vision bucks business lobby, coalition

Australia's largest company has broken ranks with big business to call for wealth taxes and limits to superannuation tax concessions to help drive productivity.

AAP

Surprise rate hold another blow for consumer confidence

Fewer rate cuts than expected will further weaken already fragile consumer confidence, as the Commonwealth Bank records a gradual household spending recovery.

AAP

Major tax reform probably 'a bridge too far': CBA

The federal government will find wholesale tax reform hard to achieve at its roundtable but planning changes could be more manageable, says a leading economist.

AAP

Local shares flat as Commonwealth Bank hits record high

Commonwealth Bank shares have broken $190 for the first time but weakness in the mining sector has kept the bourse overall little changed.

AAP

Long way to go to stop lending for deforestation

A number of bank-financed landholders might be involved in illegal landclearing, raising questions about lender exposure to risky nature destruction.

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