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The Latest Breaking News from Commonwealth Bank

Australia should force banks to repay scam victims and adopt better protections, advocates say

Calls for federal government to mandate the checking of account details before money transfers are made

The Guardian - AU

RBA governor faces grilling on 'hawkish' rate hike talk

Reserve Bank governor Philip Lowe will appear before parliamentary committees this week after what's been labelled as a "hawkish" shift for the central bank.

AAP

Commonwealth Bank adding anti-scam features to its apps

CBA is rolling out a new feature to help ensure payments sent to a BSB and account number are actually going to the right person or company.

AAP

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Woman's fear as husband waits for judgment

The wife of a man who has pleaded guilty to money laundering offences has told a court she fears losing her husband and being left to raise their child alone.

AAP

Get the best deal on your mortgage after a year of interest rate hikes

There’s been no shortage of pain for Australian home owners this year as the fastest interest rates hikes in decades hit families.

The New Daily

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

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

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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.

The Canberra Times

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".

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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.

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.

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