Commonwealth Bank of Australia is raising its standard variable rates for investor mortgages by 0.07 per cent following earlier raises to its fixed-rate products.
Commonwealth Bank of Australia, Westpac and National Australia Bank have seemingly failed to secure permission to collectively bargain with Apple for iPhone users to make mobile payments from their own digital wallets, rather than Apple Pay.
Senior executives have created a poor compliance culture at the four major banks and should be named and shamed over mistreatment of customers, a parliamentary inquiry has found.
A Donald Trump presidency is likely to lift global economic growth and will likely result in improved commodities prices that will benefit Australia, according to economists at Commonwealth Bank of Australia.
Commonwealth Bank of Australia shareholders have delivered a significant protest vote against the lender's executive pay and forced it to abandon revised conditions for chief executive Ian Narev's long-term bonsues.
Commonwealth Bank of Australia shares dipped after the nation's largest lender said a lower net interest margin contributed to its flat first quarter earnings.
The big four banks and AMP are likely to refund at least $178 million to more than 200,000 customers who did not receive financial advice for which they were charged.
Investment in South-East Asia's grain supply chain will be one way for Western Australian growers to avoid losing market share amid growing demand for wheat in the region, according to the head of
Commonwealth Bank of Australia boss Ian Narev would be the first to admit his bank could improve in some areas, but he has told a parliamentary committee the bank was doing better at listening to customers and was committed to efficient redress.
In the age of social media, led by a generation of digital communicators, it may seem remarkable a tradition dating back millennia has not only survived, but is thriving.
The Commonwealth Bank of Australia has apologised to customers and paid $180,000 in fines after a programming error caused Australia's largest bank to incorrectly approve almost 11,000 overdraft applications.
The Australian share market lost its early morning gains to close at its lowest level since July on concerns about future stimulus programs by central banks.
The Australian share market has slumped to a two-month low as investors dumped stocks from all sectors on fears the US Federal Reserve could hike interest rates this month.
The Australian share market has made some solid gains as the prospect of an interest rate hike in the US in September was pared back following some weaker-than-expected US jobs figures on Friday night.
The Australian share market has opened lower, hurt by losses across the board following a disappointing session on Wall Street and a rally in the US dollar.
The Australian share market lost steam throughout the afternoon session to close slightly higher as gains in health care, resource and banking stocks offset losses in Woolworths and Telstra.
Commonwealth Bank of Australia chief executive Ian Narev took home $12.3 million in total pay in the last financial year, up more than 50 per cent due to performance-related share bonuses.
The share market has closed only modestly higher, despite US markets hitting record levels overnight, weighed down by weakness from market heavyweights Westpac and Telstra.
Commonwealth Bank of Australia chief executive Ian Narev has cited weak wages growth and political uncertainty as threats to Australia's economy, even as the country's biggest bank unveiled a seventh straight record profit of $9.45 billion.
The Australian share market has closed slightly higher, with the big banks holding up the bourse in light trading following a weak lead from US markets
The Reserve Bank of Australia has cut interest rates to an all-time low, but already economists are wondering if more will be needed to get the country's economy moving.
The Australian dollar gold price hit an all-time record of $1,826 an ounce today after Britain elected to leave the European Union, with shares in local gold miners rallying strongly even though the broader stock market tumbled more than 3 per cent.
Australia's major banks face soft profit growth amid growing macroeconomic risks linked to low interest rates and government tax policy, according to Fitch.
A growing uptake of technology for farming practices is likely among the state's agribusinesses in coming months, according to the latest Commonwealth Bank Agri Insights survey.
Commonwealth Bank of Australia has lifted third quarter profit about 4.5 per cent to $2.3 billion but has followed its big bank rivals by reporting a rise in bad debts.
Perth-based Bulletin Resources has sold its remaining 20 per cent stake in the Halls Creek gold project to Pantoro in an all-scrip deal worth $13.7 million.
Perth has had its deepest quarter of deflation since the 1991 ‘recession we had to have', with prices falling 0.6 per cent in the three months to March, driven by cooling house prices and cheaper fuel.
Smaller iron ore miners were the big winners today after the iron ore price surged overnight, whereas Fortescue Metals Group failed to sustain Monday's big gains despite announcing a joint venture and investment deal with Brazil's Vale.
Commonwealth Bank of Australia has lifted first half cash profit 3.92 per cent to a record $4.804 billion, but has decided against increasing its interim dividend.
Commonwealth Bank of Australia is expected to unveil another record first-half profit next week when it becomes the first of the big four to report results since last year's out-of-cycle mortgage rate hikes.
Australia's big four banks and one insurance company have been ranked within the top 100 most sustainable companies in the world, with Commonwealth Bank of Australia leading the charge for the nation.
