The Latest Breaking News from Commonwealth Bank

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Australia has one of the world’s most concentrated banking sectors, with its four biggest banks – Commonwealth Bank, National Australia Bank, Westpac and ANZ – holding more than about three-quarters of the market.

Here's what you need to get caught up on today's news.

All of Australia's biggest banks have lifted mortgage rates, matching the Reserve Bank's 25-basis-point increase.

Millennials and their young families make up the majority of people moving from the city to the country, as regional migration hits a record high.

Young families are heading for regional areas in droves and many say they couldn't be happier with their lives away from the big smoke.

What does Qantas have in common with Telstra and the Commonwealth Bank? All were privatised in the 1990s, and all have delivered poorer services and slashed jobs.

The Regional Australia Institute’s population report shows people are moving from the country to cities again after the trend reversed during COVID-19 lockdowns

As the Albanese government works on getting legislation ready for its highly anticipated corruption watchdog, calls are growing for it to boost protections for whistleblowers and drop criminal prosecutions against Richard Boyle, David McBride and Bernard Collaery, and to advocate for Julian Assange.