News Articles for Commonwealth Bank of Australia

Australians spent big at the altar of rock gods AC/DC and Oasis, continuing a run of strong household spending that will add to the Reserve Bank's concerns over inflation.

The Reserve Bank has held the cash rate at 3.6 per cent, ending 2025 on a pause as inflation proves stickier than expected.

Figures released today revealed Australia's unemployment rate climbed to 4.5 per cent in September, lifting the spirits of those eagerly awaiting another cash rate cut from the Reserve Bank.

Australia's central bank has held the cash rate steady at 3.6 per cent, amid an uptick in inflation readings and widely inline with market expectations.

The former Bankwest location is set to be turned into an art gallery.

Australian households spent more on recreation amid recent major sporting events with CommBank predicting an economic recovery if the trend continues.

Commonwealth Bank boss Matt Comyn says executing strategic priorities and maintaining strong operational performance has paved the way for a successful FY25.

The growth of the private credit market in WA's property space is gaining momentum.

Banks will pay more than $93 million to refund low-income customers who were charged excessive fees, after a review by the corporate watchdog.

Westpac has forecast an interest rate cut by the Reserve Bank of Australia in July rather than August, but added this may not be the “shoo-in” everyone's expecting.

The Reserve Bank delivered a 25-basis-point cut as predicted, but analysts warn the window for further easing may be narrowing.

Commonwealth Bank of Australia boss Matt Comyn says despite certain risks to the global economy, Australia remains an ideal place to be.

Australia's unemployment rate ticked up slightly to 4.1 per cent in March, according to seasonally adjusted data released by the ABS on Thursday.

Word on the street is that the RBA will keep interest rates on hold at tomorrow's meeting, but another cut could be on the cards in late May.

Bankwest's new 'just enough bank' slogan seems to have taken a literal turn as it lays off 130 roles just two days after unveiling the new digital-only branding.

The Reserve Bank of Australia has cut the cash rate for the first time since November 2020, but governor Michele Bullock has warned the inflation fight isn't over.

The Commonwealth Bank of Australia's cash profit grew by 2 per cent to $5.13 billion during the first half of the 2025 financial year, which was spurred on by volume growth in key businesses.

A surge in jobs in December has economists split over whether the Reserve Bank is likely to cut rates in February, with some predicting a cut may not come until the second quarter of the year.

Gary McGrath has overseen a significant restructuring of Bankwest's operations in his role at CBA.

The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent as expected but economists have noted a shift in the board's tone.

Commonwealth Bank has paused its “kick in the guts” move to charge a $3 fee on in-branch and online transfers for some customers after a pile on from across the political isle.

A dispute over Raine Square has returned to court, with Commonwealth Bank launching legal action against Luke Saraceni-directed company's financier for more than $30 million.

Long-running Perth-based retailer Betts Group is continuing to struggle, with the business incurring its fourth loss in seven years, while annual sales have halved over the same period.

Australia's big four banks will face a parliamentary grilling this week, including questions over ANZ's alleged manipulation of the bond market.

Treasurer Rita Saffioti and the Finance Sector Union have hashed out concerns over the impending closure of Bankwest branches and hundreds of job cuts.

Bankwest will close all branches and undertake a major redeployment of staff to ensure the 129-year-old bank can remain competitive in the digital age.

Australia's biggest bank made $5 billion in profit in the first half, down three per cent from a year ago, in a result one analyst branded as "lukewarm."

Australia's biggest bank says there was just a modest increase in late payments in the September quarter, despite the impact of higher interest rates.

Wages growth in Western Australia has outpaced other states and territories, according to the latest data from the Australian Bureau of Statistics.

The official labour data has proved resilient but is expected to start responding to worsening domestic economic conditions later in the year.

Bankwest will close its Subiaco branch after more than 60 years in what is another blow to the bank's locations across the county.

Mining giant BHP has revealed nearly 30,000 current and former staff have lost leave and pay entitlements over the past 13 years in one of Australia's largest case of employee underpayment.

The turnaround in the property market, the strong jobs market and an interest rate pause has done little to lighten the load felt by consumers.

The national unemployment rate has stayed put at 3.5 per cent while Western Australia recorded a modest uptick in the number of people in work.

There are hopes the RBA will slow its rate hikes, with the central bank today saying inflation had passed its peak as it lifted the cash rate to 3.6 per cent.

Western Australia has recorded the largest drop in retail sales in December compared to other states and territories, according to the latest monthly retail turnover data released by the Australian Bureau of Statistics.

Australia's biggest lender has lifted its half-year cash profit by 9 per cent and lifted interim dividend by 20 per cent to $2.10 a share.

It doesn't stop: The RBA signals rate hikes will continue in the months ahead, as observers declared the central bank's stance had become even tougher.

As the Reserve Bank board prepares to announce an expected 25 basis point rise in the cash rate, figures show Australian trade surplus slipping.

The results of a new survey could blunt other states' attacks on WA's GST share.