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The Latest Breaking News from Commonwealth Bank

Millennials still leaving the big smoke

Regional areas continue to see a boom in new arrivals even as the pandemic-induced surge in migration begins to slow.

AAP

Mortgage borrowers and renters told to brace for big financial hit by December

The full budget impact of the second most aggressive interest rate hiking cycle in the Reserve Bank's history is still months from being felt by millions of households.

ABC News

Commonwealth Bank accused of not paying long service leave to 20 former employees

A spokesperson for Commonwealth Bank says the underpayment of staff was "unacceptable" and the employees concerned have now been paid.

ABC News

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CBA predicts $3 trillion cost for net zero

The Commonwealth Bank plans to target the most emissions-intensive sectors first and set interim targets over the next 12 months.

AAP

CBA increases profit to $9.7 billion, says most customers can cope with rising interest rates

The Commonwealth Bank announces a 9 per cent increase in profits, despite a fall in its home loan interest margins.

ABC News

Business confidence rises with strong profits, but consumers are getting more pessimistic

Business confidence has risen, but consumer confidence is still deteriorating and economists warn it could be a sign of things to come.

ABC News

The Loop: Barilaro faces trade job inquiry, banks divided on interest rate expectations, two killed in Brisbane attack and ancient finds in Pompeii

Get up to speed on today's headlines with The Loop.

ABC News

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Three of the big four banks raise variable home loan interest rates by half a point to match RBA rise

Increase puts the banks’ variable interest rates at highest in three years with Westpac and NAB yet to respond to official cash rate hike

The Guardian - AU

CBA first big bank to follow RBA rise

Commonwealth Bank of Australia has lifted its variable home loan rates in line with this week's interest rate hike by the central bank.

AAP

CBA, ANZ, Westpac and NAB lift interest rates after two days of 'radio silence'

After two days of silence, Commonwealth Bank was the first of the "big four" banks to lift interest rates on its variable mortgages by 0.5 percentage points — in an uncharacteristically slow response to the Reserve Bank's rate hike on Tuesday.

ABC News

How high will interest rates go? It depends on how much we spend

Australians are buying fewer groceries and household goods as soaring prices and rising mortgage rates squeeze everyone from workers to retirees.

The New Daily

Government ‘recognises concern’ over monkeypox with 44 cases recorded – as it happened

This blog is now closed

The Guardian - AU

ANZ's takeover of Suncorp will reduce bank competition – but will that be enough to block it?

Australia has one of the world’s most concentrated banking sectors, with its four biggest banks – Commonwealth Bank, National Australia Bank, Westpac and ANZ – holding more than about three-quarters of the market.

The Conversation

The Loop: Daniel Johns avoids jail, cargo ship crew rescued, Boris Johnson faces leadership questions, banks pass on rate rise

Here's your TL;DR for today's news.

ABC News

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ABC News

Commonwealth Bank, ANZ, NAB and Wespac to lift variable mortgage rates by half a percentage point

All of the big four banks will pass on the Reserve Bank's latest interest rate rise to home loan customers in full — but not all savers.

The New Daily

Sydney and Melbourne lead accelerating housing downturn

Sydney and Melbourne are leading Australia's falling house prices, which are gathering momentum as interest rates rise and consumer confidence takes a hit.

ABC News

The Loop: A COVID vaccine review, Commonwealth Bank hikes fixed rates, and man gets too close to bison

Here's what you need to get caught up on today's news.

ABC News

Commonwealth Bank, ANZ, Westpac, NAB to raise variable mortgage rates by 0.25 per cent after RBA rate hike

All of Australia's biggest banks have lifted mortgage rates, matching the Reserve Bank's 25-basis-point increase.

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The Canberra Times

More and more people are moving to the regions around Canberra

Millennials and their young families make up the majority of people moving from the city to the country, as regional migration hits a record high.

ABC News

Millennials drive regional growth as migration from capital cities hits five-year high

Young families are heading for regional areas in droves and many say they couldn't be happier with their lives away from the big smoke.

ABC News

Labor government urged to drop prosecutions against whistleblowers and ramp up protections

As the Albanese government works on getting legislation ready for its highly anticipated corruption watchdog, calls are growing for it to boost protections for whistleblowers and drop criminal prosecutions against Richard Boyle, David McBride and Bernard Collaery, and to advocate for Julian Assange.

AAP

Petrol back below $2 for some motorists

Petrol prices have eased below $2 per litre, ending a six-week run of increases, but rising global oil prices suggest this relief will be short-lived.

The New Daily

‘Ultra competitive’: Why rising interest rates shouldn’t stop you refinancing

Home owners slapped with bigger mortgage bills are being told not to settle for rising interest rates, with tight competition leading to better deals.

The Guardian - AU

Commonwealth Bank pauses in-app cryptocurrency trading after market turmoil

Bank says it will pause rollout of app-based trading of assets like bitcoin and Ethereum pending further regulation

ABC News

Clive Palmer's United Australia Party is promising to cap mortgage interest rates. Can it be done?

With the cost of living surging and interest rates rising for the first time in more than a decade, a cap on mortgage repayments would come as welcome relief for millions of borrowers. But can it be done and who would end up paying for it?

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