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The Latest Breaking News from Commonwealth Bank

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.

AAP

Your bank is already using AI. But what’s coming next could be radically new

In June 1967, the world’s first “automated teller machine” or “ATM” was unveiled at a branch of Barclays Bank in north London in a grand ceremony.

The Conversation

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CBA boss says repaying ‘excessive fees’ to low-income customers could be seen as taking shareholder money

Commonwealth Bank Australia– which reported a record cash profit of $10.3bn in most recent financial year – charged $270m in ‘excessive fees’ over five years

The Guardian - AU

Commonwealth Bank boss reveals preferred migration rate

The boss of Australia's biggest bank has nominated a preferred migration rate while appearing before a parliamentary committee. saying a target is appropriate.

AAP

Australian economy 'island of security' in risky seas

A shock fall in unemployment has wrong-footed analysts and dashed hopes of further interest rate cuts as the treasurer talks up Australia's economic strength.

AAP

Bank giant, energy providers rebuked in Shonky awards

A bank that won't refund customers fees it incorrectly charged has topped the annual list of dodgy business behaviour from consumer advocates Choice.

AAP

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Morning Mail: Reddit to be banned for under-16s, Commonwealth Bank gets a Shonky, Dick Cheney dies

Minister extends ban to discussion forum and video streamer Kick; former US vice-president and Iraq hawk was a key Republican figure

The Guardian - AU

Commonwealth Bank, Temu and HCF among those named at this year’s Shonky awards

Choice’s annual list also includes the entire energy retail sector for allegedly hoodwinking customers with confusing prices

The Guardian - AU

Services restored for thousands hit by CommBank outage

Australia's biggest bank has restored services after an outage that left thousands of customers unable to use online banking and some ATMs.

AAP

Overseas holidays and pints at the pub: five things Australians are splurging on as household budgets bounce back

People aged 20 to 34 spent more on non-essential goods in the three months to June than they had a year before, when they were cutting back

The Guardian - AU

Afternoon Update: national guard deployed in Washington DC; Commonwealth Bank’s record profit; and a ‘deceptively cute’ ancient whale

Troops start appearing in US capital after Donald Trump took control of city’s police force

The Guardian - AU

Commonwealth Bank urged to repay fees of 2 million low-income customers after posting record profit

Australia’s biggest bank delivers bumper payout to shareholders as CBA vows to end lending to coal companies with no net zero plans

The Guardian - AU

Aboriginal women's service tackling financial abuse

A grant of up to $200,000 will help an Aboriginal women's service tackle financial abuse in their community and build independence for survivors.

AAP

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AAP

Big bank's tax vision bucks business lobby, coalition

Australia's largest company has broken ranks with big business to call for wealth taxes and limits to superannuation tax concessions to help drive productivity.

AAP

Surprise rate hold another blow for consumer confidence

Fewer rate cuts than expected will further weaken already fragile consumer confidence, as the Commonwealth Bank records a gradual household spending recovery.

AAP

Major tax reform probably 'a bridge too far': CBA

The federal government will find wholesale tax reform hard to achieve at its roundtable but planning changes could be more manageable, says a leading economist.

AAP

Local shares flat as Commonwealth Bank hits record high

Commonwealth Bank shares have broken $190 for the first time but weakness in the mining sector has kept the bourse overall little changed.

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AAP

Long way to go to stop lending for deforestation

A number of bank-financed landholders might be involved in illegal landclearing, raising questions about lender exposure to risky nature destruction.

The Guardian - AU

A guide to greener banking: I divested my personal finances and you can too – here’s how

Your money is powerful and you can actively choose whether it props up harmful industries or helps build a better future

AAP

Growing pains and gains as regional boom continues

The population of regional Australia is climbing towards 10 million, putting some towns under pressure as the escape to the country continues.

AAP

'Eye-watering': CBA shares break all-time highs

Commonwealth Bank shares have surged to record levels yet again, but experts say its earnings don't justify the price tag.

Pedestrian.tv

Almost 100 Staff Logins At Australia’s Big Four Banks Stolen By Cybercriminals

The news comes days after another investigation found more than 31,000 banking passwords had been stolen using the same kind of malware.

The Guardian - AU

Antisemitism now Asio’s ‘number one priority’, Burgess says – as it happened

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AAP

CBA seeks to reassure customers at 'challenging time'

Commonwealth Bank CEO Matt Comyn has sought to reassure customers amid trying economic times and says physical cash is "here to stay".

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