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News
Commonwealth Bank and the ANZ are the first of the big four to raise their variable home loan rates, following the central bank’s decision to lift the official cash rate.
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News
NAB has joined the Commonwealth Bank in slugging borrowers with a hefty interest rate rise, ahead of a Reserve Bank meeting widely anticipated to signal a new round of rate hikes.
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Commonwealth Bank has beaten market expectations with a $4.48 billion first-half cash profit amid pressure from record low interest rates, bushfire impacts and rising costs.
Commonwealth Bank will hand over as much as $53.1 million it owes staff in unpaid entitlements.
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.
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.
