Commonwealth Bank of Australia
Commonwealth Bank of Australia provides retail and commercial banking services in Australia, and in New Zealand through its subsidiary, ASB Bank Limited (ASB).
The business
Commonwealth Bank of Australia provides retail and commercial banking services in Australia, and in New Zealand through its subsidiary, ASB Bank Limited (ASB). Its segments include Retail Banking Services, Business Banking, Institutional Banking and Markets, New Zealand, and Corporate Center and Other. Retail Banking Services provides banking products and services to personal and private bank customers, helping them to manage their everyday banking needs, buy a home or invest in the future. Business Banking serves the banking needs of business, corporate and agribusiness customers across the full range of financial services solutions. It also provides equities trading and margin lending services through the CommSec business. Institutional Banking and Markets offers a full range of domestic and global financing and banking services to institutional and government clients. New Zealand includes the banking and funds management businesses operating in New Zealand under the ASB brand.
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Latest news
Market wrap: Stronger Wall Street not enough to save Australian shares from a weekly fall
ASX 200 dips 0.2% as weekly drop deepens despite Wall Street tech gains; traders eye another RBA rate rise as oil tops $95.
Market Wrap: Aussie shares end the week higher on amazing tech success
ASX ends week higher on AI-fueled tech rally after Nvidia, Salesforce results; Xero, WiseTech, NextDC rally as rate-path bets rise.
Weekly wrap: Aussie shares sink 0.6% as US Bonds defy Bessent intervention
ASX slips 0.6% for the week as US yields rise despite Bessent's bid to push rates lower; property and tech slide, Zip plunges 15% amid inflation jitters.
Market wrap: Miners send Australian market lower despite strong US lead
Miners drag ASX lower as CBA falls; ASX 200 slides 0.8% to 9,115, capping a 1.7% weekly fall while US markets hit records ahead of BHP results.
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