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The Latest Breaking News from Commonwealth Bank

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

The Guardian - AU

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

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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.

ABC News

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".

The Canberra Times

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.

ABC News

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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

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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The Guardian - AU

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

AAP

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.

ABC News

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.

The New Daily

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.

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The Guardian - AU

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

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The Conversation

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.

ABC News

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

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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