Commonwealth Bank
Spending the inheritance: Boomers splurge on dining, travel as young people cut back on essentials
Young people have been cutting back on items such as groceries and health insurance, while over-65s have increased spending in almost every category.
- by Rachel Clun
Latest
Banks not doing enough to help struggling borrowers, says ASIC
As the number of customers falling behind on their repayments rises, the watchdog says too many people in hardship are finding it hard to get help.
- by Clancy Yeates
Analysis
Network outage
Data deleted: UniSuper outage raises lockout fears
Members of one of the nation’s largest superannuation funds have regained access to their funds, but there are new questions about the Australia’s reliance on three US tech giants.
- by David Swan
‘A really stark indicator’: People slashing food spending to cope with rising costs
As prices continue to increase, new data shows persistent cost-of-living pressures are making households re-evaluate their shopping lists.
- by Rachel Clun
Exclusive
Courts
‘$$landed’: How a Commonwealth Bank manager took millions in bribes
“I cannot believe we were this stupid,” read the message to Jon Waldron shortly before Christmas 2014. Within days, he had been sacked from the Commonwealth Bank.
- by Michaela Whitbourn
Federal Court dismisses disclosure class actions against CBA
The judge found even though Commonwealth Bank was aware of problems before AUSTRAC’s 2017 case, it had not breached continuous disclosure obligations.
- by Clancy Yeates
Opinion
Big four
CBA lowers the curtain on a profit season banks would rather forget
This season was not one that banks will be crowing about – all experienced a fall in profits and the themes were remarkably similar.
- by Elizabeth Knight
CBA boss says rates to stay on hold after another profit drop
The country’s biggest bank has reported its net profit slid by 3 per cent as CEO Matt Comyn said the strong immigration rate was helping the Australian economy remain resilient.
- by Millie Muroi
Banks expected to report more than $15b in half-year profits
Despite continued pressure on bank profit margins, analysts expect the big four to post relatively resilient earnings over the next two weeks.
- by Millie Muroi
Consumer stress finally starts to ease as shoppers cut their spending
Consumers have been struggling with high inflation, interest rates and tax for months – but there are signs the pressure on shoppers is moderating.
- by Shane Wright
Bank profit margin crunch to continue as customers shift deposits
Bank margins will continue to dwindle in the first half of this financial year, analysts say, as customers move their savings into higher-interest offerings.
- by Millie Muroi