RBA hikes cash rate target 0.5% to 1.35%, matching market predictions as the central bank battles inflation
The Reserve Bank of Australia hiked the cash rate target 0.5% on Tuesday, matching market expectations as the central bank battles inflation.
John Durie: How CBA’s new Unloan product will help it defend its home loans against fintechs
The new Unloan product unveiled by chief Matt Comyn this week is part of the CBA defence of its $450 billion loan book against fintechs, and in the process gives the bank more control over its business.
‘The right time’: RBA hikes cash rate target to 0.35%, ending record low interest rates to combat rising inflation
The Reserve Bank of Australia will lift its cash rate target by 25 basis points to 0.35%, marking its first rate hike in more than a decade.
First female CBA chair Catherine Livingstone to step down after five years in the role
After five years at the helm during some tumultuous times, Commonwealth Bank of Australia chair Catherine Livingstone is set to step down from the board in August.
PwC wage transparency push could improve women’s compensation, experts say
Workplace relations experts say changes to pay transparency policy could put more weight behind levers available to close the gender pay gap.
Gen Z consumers are willing to pay more for products matching their “purpose”, according to a new CommBank report
The new CommBank report states 53% of surveyed consumers are willing to pay more than usual for goods and services that come from "purpose-led" businesses.
Bunnings earns pole position in top 10 list of Australia’s strongest brands
Bunnings has been crowned the country's strongest brand in Brand Finance Australia's annual analysis of brand strength.
CBA steps up to take on Afterpay with launch into BNPL sector
CBA has officially stepped into the increasingly cluttered buy now, pay later sector this week, marking the first major bank to make a play against industry juggernaut, Afterpay.
Why Commonwealth Bank should also be thanking taxpayers for its $8.65 billion profit
Instead of congratulating itself on its brilliance, the Commonwealth Bank's board and management should have thanked taxpayers for enabling them to generate a huge profit.
CBA to offer invoice financing to SMEs again in a market ripe for a comeback
The Commonwealth Bank is once again offering invoice financing to its customers, following the economic uncertainty brought on by the pandemic.
Federal Court finds CBA overcharged $2.2 million in interest on business accounts
CBA is facing penalties after the Federal Court found it charged business customers interest at more than double the rate they were advised.
Mike Baird replaces Will Hodgman as chair of the $540 million Business Growth Fund
Former New South Wales premier Mike Baird has been appointed to chair the federal government’s Business Growth Fund.
