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The Latest Breaking News from CBA

Michael Pascoe: Once more for the dummies – we need higher wages

Inflation is more than double the headline wages growth – wages are lagging, not leading, Michael Pascoe writes.

The New Daily

RBA signals it may pause further interest rate rises

Minutes of November Reserve Bank of Australia meeting say board is ‘prepared to keep rates unchanged’ while it assesses state of economy and inflation

The Guardian - AU

Major banks to pay $126 million after dodgy insurance sales to customers

Up to one million ANZ, Westpac and CBA customers will share in $126 million after being sold consumer credit insurance of little use.

The New Daily

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Banks to pay $126m over dodgy insurance

A class action has been settled with three of Australia's big banks, with customers sold consumer protection insurance to share in $126 million.

AAP

RLPA doubles down, lashes NRL offer

The RLPA is standing by its decision to reject the Collective Bargaining Agreement proposed by the NRL as tensions between the two parties reach critical mass.

AAP

Pay talks explode as stars hit out at NRL

Some of the NRL's biggest names have hit out at head office as the pay war between the league and its players is further engulfed in drama.

AAP

Optus scammer pleads guilty to blackmail

A 19-year-old man has pleaded guilty to trying to scam Optus customers affected by the data breach, saying he was unemployed and needed money.

AAP

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Rate rise expected on Melbourne Cup day likely to be followed by higher inflation outlook

Two of Australia’s biggest banks predict the Reserve Bank will revise the inflation rate to 8% – the highest since March 1990

The Guardian - AU

Brigginshaw backs RLPA call on CBA

NRLW players, including the Jillaroos at the World Cup, have no contractual certainty for next year's competition and are calling on the NRL to codify a CBA.

AAP

Dominic Raab’s comeback as Justice Secretary branded ‘concerning’ by opponents

Shadow justice secretary Steve Reed among those asking why Raab is back only two months after being sacked

The Independent UK

CBA unit to pay $20m over excessive fees

Two stockbrokers, one owned by CBA, have been hit with penalties of over $27 million after "systematic" failures saw customers overcharged for almost a decade.

AAP

Mobile phone plans: Compare and switch

Many Australians are looking for ways to reduce their monthly household budgets. A cheaper mobile phone deal may be the answer.

The New Daily

Fixed or variable? A look at how home loan rate options across Australia stack up

After crunching the numbers, it’s clear that mortgage holders shouldn’t just do nothing, says RateCity’s head of research

The Guardian - AU

Backlog of criminal cases in Crown Courts reaches record high after strike

The backlog of criminal cases in the Crown Courts of England and Wales reached a new record-high of more than 61,000 during the government’s stand-off with barristers over Legal Aid, it has been revealed.

Evening Standard

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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 Guardian - UK

Junior criminal barristers ‘despair’ over pay deal in England and Wales

Barristers ended strike after 57% accepted 15% rise but many juniors say they cannot afford to stay in profession

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

The Independent UK

Barristers heading back to work after voting to end strike and accept pay deal

Justice Secretary Brandon Lewis said he is ‘glad that barristers have now agreed to return to work’ and described the development as a ‘breakthrough’.

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Manchester Evening News

Barristers call off strike action after accepting government pay offer

Industrial action has been ongoing since June in protest over legal aid fees

The Guardian - UK

Criminal barristers in England and Wales vote to end strike action

Members of Criminal Bar Association accept government pay rise of 15% on legal aid fees for most crown cases

Evening Standard

Criminal barristers to suspend strike and return to court after accepting Government pay offer

Criminal barristers in England and Wales have voted to suspend their strike action and accept a government deal on Legal Aid.

The Independent UK

Barristers vote to end strike action after accepting Government pay offer

Criminal Bar Association members had been on a continuous walkout.

ABC News

Alarm bells of a 'climate sub-prime' facing finance, as insurance on home loans gets tricky

The insurance industry admits that some parts of the country will become increasingly difficult to insure as extreme weather takes hold. What does this mean for bank loans that are underwritten by them and prospective homebuyers taking them out?

AAP

Women's players unsure of pay for RLWC

Australia's women are yet to learn what they will be paid to play in the Rugby League World Cup, despite entering their final weeks of preparation for the tour.

ABC News

Which banks are passing on the interest rates to borrowers? What about savers?

The major lenders were quick to pass on the interest rate rise to mortgage holders, but only certain savers will see the benefits of the Reserve Bank of Australia's latest hike.

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