Commonwealth Bank of Australia News

Commonwealth Bank of Australia has introduced a number of major new features to its widely admired online banking platform, NetBank, and its mobile payments iPhone app, Kaching.

Western Australia joined the list of major grain-producing areas where crops are under threat of dry weather, which has already killed some canola crops, even as rains refreshed many eastern areas of Australia.

Commonwealth Bank of Australia has cut interest rates on some fixed rate home loans by up to 0.4 percentage points.

Commonwealth Bank of Australia has cut interest rates on some of its fixed-rate home loans by up to 40 basis points, the bank said in a statement Friday.

Commonwealth Bank of Australia has cut interest rates on some fixed rate home loans by up to 0.4 per cent.

Australian fund managers may be on the other side of the world from the drama unfolding in Europe, but local wealth managers are nonetheless feeling the impact from the region's debt crisis.

Commonwealth Bank of Australia has begun a global search for candidates to fill the big hole that will be left by outgoing retail banking services group executive Ross McEwan.

Lloyds' Australian arm BOS International, a Canadian and a Japanese bank as well as Australia and New Zealand Banking Group , National Australia Bank , Commonwealth Bank of Australia and Westpac have pledged funds under the facility, which will have maturities of three, five and seven years, the source said.

If 2011 was the year of the cloud then 2012 is without question the year of mobile banking, as evidenced by the financial institutions, credit unions and companies lining up to bring mobile banking technologies to their offerings.

With David Jones Ltd. trading at the lowest price to its net assets in eight years, the Australian department store's real estate is making it a buyout candidate.

The chair of the Global Women organisation, former prime minister Jenny Shipley, is urging the NZX to follow its Australian counterpart and make reporting on gender diversity mandatory.

There was very much a 2011 feel about financial markets, as downgrades to a range of Spanish banks, plus mounting fears of an exit from the eurozone for Greece, which faces fresh elections next month, encouraged very much a risk-off feel.

Commonwealth Bank of Australia on Thursday reported a 3% rise in cash profit in the third quarter of fiscal 2012, as subdued credit demand and high funding costs continued to eat into its profit margins.

Commonwealth Bank of Australia, the nation's biggest bank by market value, said third-quarter profit rose 2.9 percent as charges for bad debts fell.

SYDNEY Commonwealth Bank of Australia on Thursday reported a 3% rise in cash profit in the third quarter of fiscal 2012, as subdued credit demand and high funding costs continued to eat into its profit margins.Cash profit--a smoothed measure more closely watched by investors--was A$1.75 billion in the period--up from A$1.7 billion in the same ... (more)

Commonwealth Bank of Australia has posted a profit of $1.7 billion for the three months to March, but says higher funding costs have reduced its margins.

Commonwealth Bank of Australia , the country's top lender by market value, said on Thursday its third-quarter cash profit rose 3 percent as a fall in bad-debt charges outweighed softer demand for mortgages and higher funding costs.

The Australian market looks set to open lower following falls on US markets overnight and continued political uncertainty in Europe.

Australia's "Big Four" banks face increasing scrutiny from both the International Monetary Fund and ratings firms as Europe's financial problems drive up offshore funding costs just as domestic growth stutters.

The facility has a three-year maturity and is in excess of USD850m , the company said.