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Commonwealth Bank

Friday, October 18

Comm Bank's profit falls with property market

Commonwealth Bank’s first-half cash profit has fallen 2.1 per cent to $4.676 billion, weighed down by Australia’s slowing property markets.

CEO says CBA put profits before customers

Commonwealth Bank CEO Matt Comyn admits the bank has prioritised profits over its customers, as it faces potentially compensating more than half a million customers sold dud add-on insurance.

Commonwealth Bank has admitted to 53,506 breaches of anti-money laundering and counter-terrorism laws. Photo: AAP/Joel Carrett

Comm Bank agrees to $700m settlement over money-laundering breaches

A $700 million settlement between financial intelligence agency AUSTRAC and Commonwealth Bank of Australia over money laundering has been welcomed by the Federal Government.

Commonwealth Bank confirms huge data breach

The Commonwealth Bank is reportedly facing renewed investigations after admitting it lost backup data on tape for more than 15 years of customer statements in 2016, affecting almost 20 million accounts.

Regulator's 'damning rap sheet' on Commonwealth Bank

Treasurer Scott Morrison expects more executives at Commonwealth Bank of Australia will go after a “damning” report by the banking regulator.

Death of the ‘Fair Go’

Evidence of widespread wage theft and revelations of a rotten culture in the nation’s financial sector point to a social contract in tatters – and will leave a lasting legacy of distrust and decay, writes Malcolm King.