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The Latest Breaking News from Commonwealth Bank

Why the RBA should truly apologise to fixed-rate home borrowers

The RBA’s ‘apology’ has left a lot to be desired — particularly for borrowers now feeling the rate-rise crunch.

Crikey

Sydney still shifting to Newcastle after lockdowns

The rapid rise in migrants from capital cities to Newcastle over the first 18 months of the pandemic has not slowed in the past year.

Newcastle Herald

Alan Kohler: Economists disagree on where interest rates are heading – shock

It’s hard to recall a time when the interest rate forecasts of economists were as widely, and wildly, different as they are now.

The New Daily

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What changes are banks making to interest rates?

A flurry of banks have passed on interest rate rises to borrowers after the Reserve Bank increased the cash rate by 0.25 percentage points on Tuesday.

ABC News

Should you go to work with COVID? We asked 45 different employers and the results were mixed

Mandatory isolation requirements for people who get COVID-19 have come to an end nationally — but that doesn't mean you can rock up to work symptomatic with the virus.

ABC News

Australian banks hit with payment transfer outage as RBA blames technical error

Reserve bank says system is back up and running on Thursday, and they are working to clear the backlog

The Guardian - AU

CBA execs grilled on climate change at AGM

Commonwealth Bank's chairman has pledged to shareholders that it won't bank with companies that don't have a climate transition plan by 2025.

AAP

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Not all beer and pokies: what Australians did with their super when COVID struck

What happens when people withdraw their retirement savings early?

The Conversation

Australia’s big four banks face shareholder ire over funding fossil fuels

Activist group Market Forces says continued funding of coal, oil and gas is incompatible with net zero commitments

The Guardian - AU

Which banks are passing on the latest RBA interest rate rise to mortgage holders? NAB kicked it off, then ANZ and Commonwealth followed suit

On Tuesday, the Reserve Bank of Australia announced it was raising the cash rate to 2.35 per cent. But Australia's big four banks have been slow to respond.

ABC News

CommBank reverses duplicate transaction mistakes on bank statements

Customers are being encouraged to check bank statements but the bank says it has moved to reverse the extra payments.

ABC News

Interest rate updates: RBA increases cash rate for fifth month in a row — as it happened

The Reserve Bank lifts interest rates for the fifth month in a row, taking the cash rate to 2.35 per cent, a seven-year high. Look back on Tuesday's developments.

ABC News

CBA warns of mortgage lags as Reserve Bank set for another super size interest rate rise

The Commonwealth Bank is warning of the risk a three-month mortgage lag poses to the economy if the Reserve Bank keeps raising interest rates aggressively.

ABC News

Bendigo Bank branch in Wanniassa to close in decision 'not made lightly'

The bank has blamed "a change to commercial leasing arrangements at the Wanniassa complex".

The Canberra Times

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ABC News

SA government to ban banks from running financial literacy programs in schools

Education Minister Blair Boyer says the move promised ahead of the state election will prevent institutions from using subtle marketing techniques to sign up young children to lifelong accounts.

AAP

Millennials still leaving the big smoke

Regional areas continue to see a boom in new arrivals even as the pandemic-induced surge in migration begins to slow.

ABC News

Mortgage borrowers and renters told to brace for big financial hit by December

The full budget impact of the second most aggressive interest rate hiking cycle in the Reserve Bank's history is still months from being felt by millions of households.

ABC News

Commonwealth Bank accused of not paying long service leave to 20 former employees

A spokesperson for Commonwealth Bank says the underpayment of staff was "unacceptable" and the employees concerned have now been paid.

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AAP

CBA predicts $3 trillion cost for net zero

The Commonwealth Bank plans to target the most emissions-intensive sectors first and set interim targets over the next 12 months.

ABC News

CBA increases profit to $9.7 billion, says most customers can cope with rising interest rates

The Commonwealth Bank announces a 9 per cent increase in profits, despite a fall in its home loan interest margins.

ABC News

Business confidence rises with strong profits, but consumers are getting more pessimistic

Business confidence has risen, but consumer confidence is still deteriorating and economists warn it could be a sign of things to come.

ABC News

The Loop: Barilaro faces trade job inquiry, banks divided on interest rate expectations, two killed in Brisbane attack and ancient finds in Pompeii

Get up to speed on today's headlines with The Loop.

The Guardian - AU

Three of the big four banks raise variable home loan interest rates by half a point to match RBA rise

Increase puts the banks’ variable interest rates at highest in three years with Westpac and NAB yet to respond to official cash rate hike

Crikey

Big four lenders to pass on rate hike

Major banks have all announced they will pass on the rate hike in line with the RBA from next week, as well as announcing rate rises for certain savers.

AAP

CBA first big bank to follow RBA rise

Commonwealth Bank of Australia has lifted its variable home loan rates in line with this week's interest rate hike by the central bank.

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