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The Latest Breaking News from Commonwealth Bank

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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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.

AAP

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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.

AAP

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

The Guardian - AU

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.

AAP

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.

Pedestrian.tv

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

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The Guardian - AU

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".

AAP

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The Guardian - AU

Commonwealth Bank posts $5bn profit as Australian households struggle. Here are four things we learned

While some of its customers are under considerable pressure, CBA is enjoying the fruits of its large mortgage portfolio, half-year financial results show

AAP

Aussie shares hit record as CBA beats expectations

The ASX200 has finished up 0.6 per cent to close at its highest level after CBA, Suncorp and AGL all beat earnings forecasts.

AAP

Comm Bank hikes dividend as shares hit all-time high

Australia's leading bank has delivered a $5.1 billion first-half cash net profit, in what analysts have called a "gravity-defying rally".

AAP

Hope for end to wage theft as laws come into force

Criminal penalties for employers who deliberately underpay workers have come into effect, with hopes they will deter bosses from engaging in the practice.

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The Conversation

What’s fair in the fight to keep bank branches open and access to cash alive?

On Tuesday, Commonwealth Bank announced it was planning to move customers using one of its legacy accounts to its newer “Smart Access” account.

Pedestrian.tv

Commonwealth Bank Backflips On Its Plan To Charge Customers $3 For Assisted Withdrawals

“We feel we didn’t get the communication right on this, so we’ve paused, and we want to take a different approach.”

AAP

Bank's bungled cash fee a sign of anti-branch shift

Australia's biggest bank has backed down on a threat to charge some customers to access their own money after a 24-hour pile-on.

The Guardian - AU

Commonwealth Bank $3 cash withdrawal fee ‘a kick in the guts’, assistant treasurer says

Company unable to quantify how many customers affected by having their account changed to a ‘smart access’ transaction account

Pedestrian.tv

Commonwealth Customers Will Soon Cop A $3 Charge For Withdrawing Their Own Cash From The Bank

Commbank Australia has announced a change to its users' accounts that will see a withdrawal charge added from next year.

The Guardian - AU

Young Australians cut back in cost-of-living crisis while older people shop more, data shows

Commonwealth Bank finds over-70s cohort spent 7.7% more from July to September than the same time last year

AAP

CBA reverses duplicate transactions, vows fee refunds

The Commonwealth Bank has fixed a problem that caused repeated transactions for some customers as it promises to refund any fees.

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