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The Latest Breaking News from Commonwealth Bank

'Rush to conclusions': calls for calm on house prices

Labor is calling for calm as it shuts down suggestions Treasury modelling of house prices underestimated the impact of tax changes and misled the public.

AAP

Aussie businesses praised for their innovation

A big bank trying to win the nation's leading business bank crown is looking for more innovative firms to lend to, after seeing a shift in the past six months.

AAP

As home loan applications drop, the big four banks face a growing challenge from Macquarie

Over the past week, all four of Australia’s biggest banks have reported falls of between 12% to 20% in new home loan applications since the May federal budget.

The Conversation

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Ignore the doomsdayers – property investing in Australia is far from broken

Investor loan applications may have fallen since the start of the year, but the slump already appears to be turning around

The Guardian - AU

Biggest bank bullish on home loans despite budget hit

Commonwealth Bank home loan applications plunged after controversial changes to negative gearing and capital gains taxes, but it's hopeful of a recovery.

AAP

Which places top the list for those ditching big cities

Hotspots revealed as relocation index reaches new high.

Newcastle Herald

Leave Canberra? Which places top the list for those ditching big cities

Hotspots revealed as relocation index reaches new high.

The Canberra Times

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Up sticks: great escape to the country at record high

For every four people moving from the capital cities to the regions, there are only three going in the other direction, new migration figures show.

AAP

Aussie stocks down for four of past five weeks

More than a month of poor conditions and bad news have weighed on the ASX - and local investors don't have much to look forward to for the time being.

AAP

Aussie shares log fourth session of losses, banks drag

Commonwealth Bank shares recorded their worst day in history after an earnings miss and new tax reforms have investors questioning its valuation.

AAP

CBA shares suffer biggest drop ever after earnings miss

Australia's largest bank turned a smaller-than-expected quarterly profit of $2.7 billion because it set aside more cash to protect from loans that go bad.

AAP

Past disruptions show Australian workers can weather AI

A federal government minister says Australia could see the creation of lots of jobs involving empathy and human connectedness as AI adoption increases.

AAP

Why Commonwealth Bank’s $1 billion suspected loan fraud should change how we bank and do business

The Commonwealth Bank reportedly suspects around A$1 billion in home loans were obtained fraudulently, including through AI-generated documents. The Australian Financial Review says the bank has reported itself to police and the corporate watchdog to investigate.

The Conversation

Bank business clients proving resilient, despite rates

One of the bright spots in Commonwealth Bank's interim results this week was its interactions with businesses, particularly in regional Australia.

AAP

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The Guardian - AU

Commonwealth Bank posts record half-year cash profit as investors pile into housing market

CBA shares surge by 7% after bumper $5.45bn result while data shows owner-occupiers’ share of lending has decreased in tight property market

AAP

Household debt at a decade-low: Commonwealth Bank boss

Commonwealth Bank boss Matt Comyn says 87 per cent of its home loan customers are ahead on their repayments.

AAP

'Stonking result': big bank basks in best day for years

Shares in Australia's biggest bank have soared to a three-month high after it beat earnings expectations with "a really clean set of numbers".

The Guardian - AU

Australian banks passed interest rate hikes on to mortgage holders – so why haven’t they done so for savings accounts?

There’s an obvious reason for the delay. But the banks still need to compete on savings rates to finance their operations

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AAP

AI war against 'one cent' family violence perpetrators

The use of artificial intelligence can be challenging for many Australians, but one major business has found ways to bring good out of the groundbreaking tech.

AAP

Australian shares reverse early dip as miners soar

The local bourse has gained for a second straight session, supported by resurgent gold stocks and a positive outlook for the Aussie dollar.

AAP

'My error': Raygun's brother admits role in crypto scam

The brother of Olympic breakdancer Raygun has admitted his role in an alleged celebrity-backed cryptocurrency scam that cost investors more than $180,000.

AAP

Australian shares dip for third day as banks, tech drag

The local bourse has extended its decline in a broad-based sell-off led by IT stocks and banks, while gold hit new highs on safe haven demand.

AAP

Hot or not? Strong spending complicates rate picture

Upcoming data will give the Reserve Bank a better sense of whether higher interest rates are required to take the heat out of Australia's economy.

AAP

CBA to repay $68m in fees to low-income customers

Following a report by ASIC, the Commonwealth Bank says it's repaying $68 million to low-income customers who incurred unusually high banking fees.

AAP

Shares limp to positive finish after rally loses steam

The local bourse has notched its first four-day winning streak since May, but has only limped across the line in an unconvincing trading session.

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