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The Latest Breaking News from Commonwealth Bank

Bank closures 'sad and frustrating' for rural towns

Junee fought back when the Commonwealth Bank prepared to close the only bank in the NSW Riverina town, an inquiry has been told.

AAP

Deal to drive discount EV loans for Aussie drivers

Australian Tesla buyers will be offered discounted green loans on the vehicle maker's website as part of a deal with the Commonwealth Bank.

AAP

Women’s World Cup fuelled uptick in Australian household spending last month, CommBank data shows

Increase in nominal spending contrasts with other recent surveys showing consumer confidence was languishing at depressed levels

The Guardian - AU

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Afternoon Update: CBA makes record profit; Home Affairs’ ChatGPT bungle; and France prepare for Matildas

Australia’s biggest lender posts $10.16bn cash profit even as more of its customers succumb to rising borrowing rates

The Guardian - AU

Union challenges Commonwealth Bank rule that employees must spend half their hours a month in office

Finance Sector Union lodges dispute as mandate to limit working from home scheduled to come into effect 17 July

The Guardian - AU

Big bank won't leave bush bare by lopping more branches

Commonwealth Bank has committed to no regional closures until 2026, but has flagged more "multi-channel" branches with reduced in-person banking hours.

AAP

PM launches byelection campaign – as it happened

This blog is now closed.

The Guardian - AU

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Major Commonwealth Bank outage prevents some customers from accessing accounts

CBA says issue resolved without reporting cause, but advises delay in some payments as services brought back online

The Guardian - AU

Smaller lenders offer savers more than 5 per cent, in contrast to big four

Australians are being urged to consider “breaking up” with the big banks as smaller players rush to pass on higher savings rates.

The New Daily

Interest rates could hit two-decade high by August as mortgage stress soars

Australians struggling with the highest interest rates in a decade are being warned to expect one or two more mortgage bill hikes.

The New Daily

Commonwealth Bank fined $3.5m for breaching spam laws

The communications watchdog has imposed a record fine on the Commonwealth Bank for sending out millions of marketing emails that breached spam laws.

The New Daily

‘Razor’s edge’: Duelling futures for mortgage bills as RBA mulls June interest rates hike

The RBA will decide this week whether to raise mortgage bills for millions of Australian families again, or deliver a June reprieve and pause interest

The New Daily

Money mules are involved in the majority of scam reports, ACCC says

Over a four-hour phone call, scammers gained access to Jenny's computer and transferred $300,000 out of her account. By the time she alerted the bank, it was too late.

ABC News

Wage data looms as key to another potential interest rates hike

The potential for another painful hike in interest rates is balanced on a knife’s edge ahead of crucial new wages growth data.

The New Daily

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The New Daily

‘Line ball’: Experts split as RBA mulls pivotal interest rates call amid rising mortgage stress

Experts are split on whether the Reserve Bank will return to hiking interest rates at its May meeting this week.

The New Daily

Porter Davis owes Commonwealth Bank $33m: Documents

Documents filed with the corporate watchdog show Commonwealth Bank of Australia is owed millions by home builder Porter Davis, which collapsed last month.

AAP

Porter Davis owes Commonwealth Bank $33m: documents

Documents filed with the corporate watchdog show the Commonwealth Bank of Australia is owed millions by home builder Porter Davis, which collapsed last month.

ABC News

Australians lose record $3.1 billion to scams in 2022, as ACCC calls for tougher measures

Australians lost more than $3.1 billion to scams in 2022, a new record and an 80 per cent increase from 2021, according to a new report that has prompted fresh calls for banks to do more to protect consumers.

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ABC News

Scammers can disguise their number so it looks like your bank is calling — here are red flags to watch for

Your phone says the call is coming from your bank, the caller knows your address and they're using the same language a banker would use, but it feels off. Here's why it might be a scammer.

The New Daily

Westpac urges RBA interest rates pause as major banks hike rates

The Reserve Bank is tipped to pause its record-breaking run of interest rate hikes in April as the economy slows faster than expected.

The New Daily

Banks continue to drag their feet lifting savings account rates

Banks defy political pressure by not passing on higher interest rates to all savers even as they hit mortgage holders with rapid-fire hikes

AAP

Some savers still being left behind as cash rate lifts

Banks are still picking and choosing which deposit accounts to lift rates on despite pressure from the consumer watchdog to pass higher rates on to savers.

ABC News

The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments

Australia's major banks expect the Reserve Bank will lift the cash rate to its highest level since May 2012 later today, but thousands of families like Le Tran's are already having to make sacrifices to make ends meet.

The New Daily

Why are Australian households struggling as corporate profits soar?

Everyday Australian’s are struggling to keep up with the rising cost of living with soaring inflation hurting households’ hip pockets.

The New Daily

Housing squeeze forces region-to-region migration

Regional Australians are moving further away from capital cities, likely pushed out of some country areas by the housing squeeze and soaring rents, a new

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