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The Latest Breaking News from Commonwealth Bank

No blind trust order for Victoria minister shareholders

Victoria's assistant treasurer will move his bank shares into a blind trust after admitting it was an error to retain them ahead of a contract announcement.

AAP

Alan Kohler: RBA defence of interest-rate mallet highlights the truth about inequality

The first thing is that inequality is worsened by the responses to both low inflation and high inflation; it’s a lose/lose.

The New Daily

Australia’s housing crisis: how RBA interest rate hikes are pushing families closer to the edge

While some property owners are cashing in on the crisis, many others, such as western Sydney’s Nick Noel, are struggling to explain to their kids why they must tighten the spending belt

The Guardian - AU

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ACCC asking why banks are slow to lift interest rates on savings accounts

The landscape for Australian savings rates is changing fast as banks begin to relent after the RBA’s February interest rate hike.

The New Daily

'Bloody-minded' banks under pressure to halt closures

Major banks are being urged to stop regional branch closures as a Senate inquiry prepares to hold its first hearing in Sale, Victoria.

AAP

Watch: RBA boss questioned, CBA bumper profit, Children’s cancer breakthrough

Watch: The Reserve Bank Governor Philip Lowe is currently being questioned over consecutive interest rate rises. The Commonwealth Bank has posted a bumper

The New Daily

Australia should force banks to repay scam victims and adopt better protections, advocates say

Calls for federal government to mandate the checking of account details before money transfers are made

The Guardian - AU

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RBA governor faces grilling on 'hawkish' rate hike talk

Reserve Bank governor Philip Lowe will appear before parliamentary committees this week after what's been labelled as a "hawkish" shift for the central bank.

AAP

Commonwealth Bank adding anti-scam features to its apps

CBA is rolling out a new feature to help ensure payments sent to a BSB and account number are actually going to the right person or company.

AAP

Woman's fear as husband waits for judgment

The wife of a man who has pleaded guilty to money laundering offences has told a court she fears losing her husband and being left to raise their child alone.

AAP

Get the best deal on your mortgage after a year of interest rate hikes

There’s been no shortage of pain for Australian home owners this year as the fastest interest rates hikes in decades hit families.

The New Daily

Sydney still shifting to Newcastle after lockdowns

The rapid rise in migrants from capital cities to Newcastle over the first 18 months of the pandemic has not slowed in the past year.

Newcastle Herald

Alan Kohler: Economists disagree on where interest rates are heading – shock

It’s hard to recall a time when the interest rate forecasts of economists were as widely, and wildly, different as they are now.

The New Daily

What changes are banks making to interest rates?

A flurry of banks have passed on interest rate rises to borrowers after the Reserve Bank increased the cash rate by 0.25 percentage points on Tuesday.

ABC News

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ABC News

Should you go to work with COVID? We asked 45 different employers and the results were mixed

Mandatory isolation requirements for people who get COVID-19 have come to an end nationally — but that doesn't mean you can rock up to work symptomatic with the virus.

The Guardian - AU

Australian banks hit with payment transfer outage as RBA blames technical error

Reserve bank says system is back up and running on Thursday, and they are working to clear the backlog

AAP

CBA execs grilled on climate change at AGM

Commonwealth Bank's chairman has pledged to shareholders that it won't bank with companies that don't have a climate transition plan by 2025.

The Conversation

Not all beer and pokies: what Australians did with their super when COVID struck

What happens when people withdraw their retirement savings early?

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The Guardian - AU

Australia’s big four banks face shareholder ire over funding fossil fuels

Activist group Market Forces says continued funding of coal, oil and gas is incompatible with net zero commitments

ABC News

Which banks are passing on the latest RBA interest rate rise to mortgage holders? NAB kicked it off, then ANZ and Commonwealth followed suit

On Tuesday, the Reserve Bank of Australia announced it was raising the cash rate to 2.35 per cent. But Australia's big four banks have been slow to respond.

ABC News

CommBank reverses duplicate transaction mistakes on bank statements

Customers are being encouraged to check bank statements but the bank says it has moved to reverse the extra payments.

ABC News

Interest rate updates: RBA increases cash rate for fifth month in a row — as it happened

The Reserve Bank lifts interest rates for the fifth month in a row, taking the cash rate to 2.35 per cent, a seven-year high. Look back on Tuesday's developments.

ABC News

CBA warns of mortgage lags as Reserve Bank set for another super size interest rate rise

The Commonwealth Bank is warning of the risk a three-month mortgage lag poses to the economy if the Reserve Bank keeps raising interest rates aggressively.

The Canberra Times

Bendigo Bank branch in Wanniassa to close in decision 'not made lightly'

The bank has blamed "a change to commercial leasing arrangements at the Wanniassa complex".

ABC News

SA government to ban banks from running financial literacy programs in schools

Education Minister Blair Boyer says the move promised ahead of the state election will prevent institutions from using subtle marketing techniques to sign up young children to lifelong accounts.

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