Gascoyne Resources has mandated two of Australia's largest banks to arrange a $60 million debt facility for the development of its Dalgaranga gold project in the Murchison region.
Australia's financial sector regulator has appointed three panel members to inquire into the Commonwealth Bank of Australia's governance, culture and accountability.
IMF Bentham has confirmed it will fund a Federal Court open class action against the Commonwealth Bank relating to allegations the lender breached anti-money laundering and counter-terrorism funding laws.
Commonwealth Bank of Australia will face an inquiry by the prudential regulator after a series of issues at the country's largest bank prompted concerns about its governance, culture and accountability.
Commonwealth Bank of Australia chief executive Ian Narev will step down by the end of June after Australia's largest bank decided to deal with speculation over his position following allegations the lender breached money laundering and terrorism-financing laws.
Commonwealth Bank of Australia is being investigated by the corporate regulator over its alleged breach of money laundering and terrorism financing laws.
Commonwealth Bank of Australia has reported an increase in cash profit to $9.8 billion for the 2017 financial year, while its Perth-based subsidiary, Bankwest, delivered a fall in profit as a result of increased home loan impairments.
Commonwealth Bank of Australia executives, including CEO Ian Narev, will be hit in the pocket over the bank's more than 53,000 alleged breaches of anti-money laundering and counter-terrorism financing laws.
Commonwealth Bank of Australia has suggested that 53,000 alleged breaches of money laundering laws listed in a case brought against it by regulators could be treated as a single matter because they all stemmed from the same IT error.
There are signs of recovery in the local economy, with employment and sales activity numbers showing improved performance in June and a major report predicting further recovery next year.
Australia's biggest banks will have to find billions of dollars of extra cash by 2020, but the new requirement does not look like being much of a problem for them.
Troubled broadcaster Ten Network has secured a $30 million funding package so that it can keep operating while receivers and managers look to sell or recapitalise the business.
Aquacuture firm Atlas Pearls and Perfumes has locked in two debt facility agreements for a total of $3 million, one of which is with its director, Tim Martin.
Commonwealth Bank of Australia has followed its peers by raising its variable rates for interest-only mortgages, becoming the last of the big four banks to adjust its rates mix in an attempt to slow down riskier lending.
OPINION: Those among us who are unfamiliar with the term ‘collateral damage' are about to learn its meaning first hand, because it is what we have become – innocent victims of bad governance across Australia.
The ASX closed 47 points lower after shares in Australia's big four banks were hit by a long-term credit ratings cut by Moody's, due to risks associated with the local housing market.
OPINION: More does not always mean better. This fact of life, told by generations of mothers to their children, is something Australia's banks are discovering as they fight to defend their handsome profits from the latest tax raid.
Hundreds of volunteers and businesses across the state have joined forces to sell more than 13,000 long-stemmed roses in support of children and young adults living with Cystic Fibrosis.
Western Australian farmers are among the most optimistic in the nation, according to the annual Commonwealth Bank of Australia Agi Insights report to be released today, with 39 per cent likely to be investing in their businesses in the year ahead.
The new bank levy has opened a Pandora's box that leaves Australia's biggest financial institutions exposed to even higher costs in future, according to a leading industry analyst.
Big banks have warned that customers and shareholders will carry the cost of the federal government's surprise $6.2 billion levy on Australia's largest financial institutions.
Commonwealth Bank shares have taken their biggest one-day hit in almost two years after third-quarter cash earnings of about $2.4 billion failed to offset investor worries over a possible new bank tax in the budget.
The balancing act that allowed Australia's big four banks to lift their combined first-half cash profit to $15.6 billion is getting more precarious, analysts say.
ANALYSIS: With abundant supplies of energy and the raw materials growing Asian economies need, WA is set to ride out the economic headwinds facing the eastern states.
The dramatic fall in the price of iron ore since the start of March could punch a $1.4 billion hole in the state's finances in the next financial year.
ANZ Banking Group and Commonwealth Bank of Australia have raised mortgage rates, with all four of Australia's big banks now having moved out-of-cycle since the US Federal Reserve hiked its cash rate last week.
Local entrepreneur Tim Brewer has joined a cohort of mentors and advisers for a new Perth-based startup accelerator program, Plus Eight, which will begin in March, around the same time Commonwealth Bank of Australia will bring its Pop Up Innovation Lab to town.
Perth's median house price is on the verge of upswing in 2017, as a stabilising labour market and surging commodity prices drive marked improvements in consumer sentiment.
Commonwealth Bank of Australia is lifting some of its mortgage rates as it tries to rein in stubbornly high investor lending growth and keep on the right side of the regulator.
Local businesses aren't popping the champagne corks for an economic recovery just yet despite the latest data from the Commonwealth Bank showing a rise in transactions across a range of sectors during the Christmas trading period.
