Commonwealth Bank of Australia
News and interviews on Commonwealth Bank of Australia including trends, features, blogs and community conversations from an Australian business perspective.
Commonwealth Bank Business Sales Indicator shows signs of faltering recovery: Midday roundupMonday, 21 May 2012
Economy-wide spending rose in April but at the slowest pace in seven months, raising questions about Australia's path of recovery. ...
Why Australia will not catch the Greek disease: Bartholomeusz
Friday, 18 May 2012
Europe is again on the brink after the Greek revolt against austerity. If Greece defaults will it be 2008-09 all over again? ...
Commonwealth Bank records $1.7 billion quarterly profit: Midday roundup
Thursday, 17 May 2012
The Commonwealth Bank has recorded a $1.7 billion profit for the three months to March, although warns the outlook for the global economy still remains uncertain. ...
Worrying tales from the top end of town
Thursday, 17 May 2012
At times like this, every bit of intelligence an SME can get is like gold. So it always pays to keep an eye on the biggest data goldmine of all – the ASX. ...
Big four "couldn't give a toss" about small business: Small Business Minister Brendan O'Connor
Thursday, 17 May 2012
The big four banks “couldn’t give a toss” about providing credit to new enterprises, federal Small Business Minister Brendan O’Connor has claimed. ...
Exporters welcome currency drop as dollar stays below parity, banks slash currency forecasts
Tuesday, 15 May 2012
Exporters have enthusiastically welcomed the drop in the Australian dollar to below parity, with industry leaders saying the fall combined with the prospect of even lower interest rates has given the sector a much-needed psychological boost. ...
Founder of collapsed trucking group 1st Fleet heads to US as wife's mansion goes up for sale
Tuesday, 15 May 2012
The five-bedroom contemporary Sydney Harbour home of Stephen Brown, the boss of the troubled 1st Fleet trucking company, and his wife, Corrine, comes with a $16 million asking price. ...
Balance returning between buyers and sellers in property markets
Monday, 14 May 2012
The level of vendor discounting and the average time on market are important vendor metrics to understand as they provide an insight around selling conditions in the marketplace. ...
Trade deficit expands during March: Midday roundup
Tuesday, 08 May 2012
Australia's trade deficit expanded during March, according to the latest figures from the Australian Bureau of Statistics. ...
CBA and NAB cut rates but withhold a large chunk of the Reserve Bank’s reduction
Thursday, 03 May 2012
Commonwealth Bank will lower its standard variable interest rate by 40 basis points joining the National Australia Bank in holding back some of the Reserve Bank's 50 basis-point cut earlier this week. ...
The “super-sized” rate cut is good news for business, but banks still hesitant
Wednesday, 02 May 2012
The Reserve Bank of Australia’s decision to cut the official interest rate by 50 basis points yesterday has been hailed as “courageous” by economists but they warn for the cuts to have a positive impact, banks need to pass on the central bank cut and consumer ...
Commonwealth Bank mobile payments release welcomed by industry, but consumers still wary
Wednesday, 26 October 2011
Near field communication payment technology has taken a big step forward thanks to the Commonwealth Bank's announcement of a new iPhone app, but the majority of consumers may take the better part of a decade to start paying through mobiles, experts have tipped. ...
CommSec business sales indicator falls in April, highlights worries of interest rate hikes
Thursday, 19 May 2011
An indicator of business sales has fallen for the 17th consecutive month, underlining the fragile state of the economy and how susceptible both retailers and consumers are to interest rate hikes. ...
Commonwealth Bank sees rise in mortgage arrears, experts say trend will continue
Thursday, 12 May 2011
The Commonwealth Bank has reported a rise in the number of mortgage borrowers who are defaulting on payments, bolstering the fears of property experts who believe home owners are no longer able to meet their debts due to rising interest rates. ...
Commonwealth Bank reports strong profit, Retailers show improvement: Midday Roundup
Wednesday, 11 May 2011
As the market ponders the impact of last night's Federal budget, the corporate reports continue, with Commonwealth Bank of Australia pleasing investors this morning with a 13% rise in third-quarter cash profit, heightening expectations of a record full-year ...
Unemployment rate drops to 4.9%, Dollar hits new high: Midday Roundup
Thursday, 07 April 2011
The Australian unemployment rate fell to 4.9% in March, with a higher-than-expected 37,800 jobs created last month, official figures show. ...
Westpac still leads business banking satisfaction ratings, but smaller lender still in front
Tuesday, 22 March 2011
Westpac remains the most popular big-four bank among business customers, according to a new survey, although they remain well behind smaller lenders including Bendigo & Adelaide Bank and Macquarie Bank. ...
Mortgage providers fail online test
Friday, 18 March 2011
Australia's banks have experienced a surge in web traffic in the last six months as fired-up mortgage holders take to the internet in search of a better deal. ...
Banks must head for help desk
Wednesday, 02 March 2011
I am sure everyone had a little giggle at the stores about the Commonwealth Bank's IT problems yesterday. Images of punters lining up at the bank's ATMs as they spewed out cash were always bound to cheer a public that believes the banks have it too good. ...
Bad news for banking returns: Bartholomeusz
Wednesday, 02 March 2011
Yesterday, one of the world's largest banks, HSBC Holdings, announced a massive rebound in its profitability. It also announced, however, that it was significantly reducing its target rate for future returns, sending an ominous message to bank shareholders ...
