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The Latest Breaking News from CBA

CommBank flips on fossil fuels as other banks fund Australia’s worst climate culprit

The Commonwealth Bank has set the standard for banking in a climate crisis: it will no longer offer services to companies without a serious transition plan to net zero.

Crikey

Commonwealth Bank to stop financing fossil fuel companies that don’t comply with Paris climate goals

Shareholders and customers of ANZ, Westpac and NAB are bound to demand their banks do the same, expert says

The Guardian - AU

Shareholders still cash in as CBA profit slips to $9.5b

Commonwealth Bank's net profit after tax was down six per cent to $9.5 billion in 2023/24 but Australia's biggest bank is increasing its dividend.

AAP

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read the most diverse news in one place.

Commonwealth Bank still predicts interest rate cut in 2024 as RBA defends keeping cash rate on hold

Reserve Bank’s chief economist says it is ‘difficult’ to hear the stories of those who ‘are struggling’

The Guardian - AU

Breaking Down the Best Olympic Basketball Players Who Don't Play in the NBA

There's plenty of non-NBA talent to be on display at the 2024 Olympics.

Sports Illustrated

NFL, NFLPA discuss possible 18-game regular season

Is an 18-game regular season in the NFL on the horizon?

USA Today Sports Media Group

The NFL 18-Game Season Sounds Inevitable

It probably won’t be long until the NFL adds another regular season game.

Sports Illustrated

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Customers urged to find new branches with Commonwealth Bank to close site

It is understood no jobs will be lost in the closure.

The Canberra Times

Supreme Court overturning ‘Chevron’ decision could change banking regulation forever

The Supreme Court has overthrown a decades-old ruling in a 6-3 decision.

Fortune

Jaguars ‘Stadium of the Future’ deal passes City Council vote

Jaguars stadium deal passes Jacksonville City Council vote

USA Today Sports Media Group

AFLW moves to national draft ahead of 2025 season

The AFLW will hold a maiden national draft after the introduction of relocation allowances and minimum two-year contracts for draftees in the women's game.

AAP

Aust shares edge lower following RBA rate call hangover

The ASX200 has closed 0.1 per cent lower as markets reflect on a hawkish undertone in the Reserve Bank's interest-rate decision.

AAP

No interest rate relief predicted this year, major bank tells mortgage holders

ANZ first big bank to push prediction of Reserve Bank interest rate cut into 2025

The Guardian - AU

'Goldilocks' data proves just right to boost shares

The ASX200 finished up 0.7 per cent, with Commonwealth Bank shares trading above $125 for the first time, following "Goldilocks" economic data from the US.

AAP

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AAP

Lending to property investors jumps amid rising rents

A pick up in investor lending and housing-related loans more generally comes even as interest rates stay elevated and cuts remain in the distant future.

The Guardian - UK

Court backlog target in England and Wales no longer achievable, says NAO

Watchdog says outstanding caseload has increased from 60,000 to 67,573 since MoJ set target of 53,000 in 2021

AAP

Retail, banking sell-off ends ASX 5-day winning streak

The ASX200 fell 1.1 per cent, with the consumer discretionary sector suffering its worst loss in 16 months on several trading updates.

AAP

CBA's quarterly profit down while delinquencies tick up

Commonwealth Bank's quarterly profit was down while the percentage of its customers in arrears grew slightly in the March quarter.

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Evening Standard

Police begin trawl through crime and terrorism reports after faulty mobile phone data used in police evidence

Police forces have begun trawling through crime and counter-terrorism intelligence reports after faulty mobile phone data is believed to have been submitted as evidence in criminal cases for over a year.

The Guardian - AU

Australians’ spending softened in March after Taylor Swift concert splurge

The economy is limping into 2024 after per capita activity shrank for the final three-quarters of last year

The Guardian - AU

Business wants pay rises for Australia’s lowest paid workers limited to 2% – but what about executives?

Average pay of top bosses has increased from 17 times average earnings in early 90s to about 55 times now. What about those on minimum wage?

Ballotpedia

Seattle aims to enact new police CBA three years after expiration date

The Seattle City Council in Washington in January 2024 announced its intent to vote on a new collective bargaining agreement (CBA) for the Seattle Police Officers Guild (SPOG) this year. The SPOG’s current CBA expired in 2020.

Ballotpedia

Bargaining in Blue: Seattle aims to enact new CBA three years after expiration date

Bargaining in Blue, a monthly newsletter from Ballotpedia, provides news and information on police collective bargaining agreements (CBAs), including the latest news, policy debates, and insights from Ballotpedia’s analysis of police CBAs in all 50 states and the top 100 cities by population.

The Guardian - US

MLS reaches agreement with referees to end month-long lockout

Officials will return to games this weekend after reaching an agreement on a new CBA that will run through the 2030 season

The Guardian - AU

Reserve Bank tipped to hold interest rate but economists split on when cuts will start

Pundits and investors expect the RBA to leave its cash rate unchanged at 4.35% when the board meets on Tuesday

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