Tag: CBA
Big four banks on notice after Bank of Queensland snaps up ME Bank for $1.3b
Australia’s cosy banking system will undergo the biggest change in many years with the announcement that Bank of Queensland (ASX: BOQ) is buying ME Bank for $1.325 billion.
That deal will effective...
Banks go to war to lend money
First came the relaxation of bank lending standards, now get ready for the bank lending war.
The first shots have already been fired by the Commonwealth Bank (ASX: CBA) and ING which both shaved do...
The best and worst of times loom for ASX listed debt collectors
With apologies to Charles Dickens, it’s the best of times or the worst of times for the receivables management industry - known in less polite circles as ‘debt collectors’.
Broadly speaking, the se...
Commonwealth Bank wins the battle of the coronavirus horror stories, predicts housing prices could fall 32%
You could have easily been mistaken in believing that Australia’s big four banks have been trying to outdo each other with horrifying predictions.
With the Commonwealth Bank (ASX: CBA) outdoing all...
Banks set to reap massive rewards from financial inertia
If there is one thing almost guaranteed to cost you lots of money, it is financial inertia.
We all pay for this inertia every time we simply roll over insurance policies, energy suppliers, internet...
Could banks emerge from the pandemic with a better outlook than expected?
Of the many share market gyrations we have seen since the COVID-19 pandemic began, some of the most dramatic have been Australia’s big four banks.
Bank share prices have absolutely plunged, with NA...
Bank dividends could be reduced or on hold during pandemic
Investors should prepare themselves for lower and possibly suspended dividends from the big banks and insurance companies after a raft of powerful forces combined to urge lower payouts.
First and m...
Genworth posts strong results as east coast housing market improves
Genworth Mortgage Insurance Australia (ASX: GMA) has posted a near 30% lift in third quarter net profit as signs point to an improvement in the housing market across Sydney, Melbourne and Brisbane.
...
Australia’s big banks no longer a dividend yield certainty
For decades the not so secret investment rule was that you got a better yield by investing in banks than by depositing funds with them.
That may still be the case but it would be a mistake to take ...
CountPlus strikes deal to acquire accounting business Count Financial from Commonwealth Bank
Financial services firm CountPlus (ASX: CUP) has announced it will acquire 100% of Count Financial Limited from the Commonwealth Bank of Australia (ASX: CBA) in a $2.5 million deal which will house th...
Commonwealth Bank boss throws predecessor Ian Narev under the bus at banking Royal Commission
Talk about pushing a former colleague under the bus.
Faced with the a grilling about the Commonwealth Bank of Australia’s (ASX: CBA) disgraceful business model of selling almost useless consumer cr...
Bank shares offer potential despite ongoing dramas and bank bashing
It is hard to remember a worse time to be a banker in Australia.
Indeed, you could excuse bankers for pretending to be used car salespeople or even journalists at parties, just so people didn’t att...
