Tag: CBA
Big banks pass on interest rate rise, Qantas acquires Alliance and QBE forecasts hit from Ukraine war
Australia’s four major banks, Commonwealth Bank (ASX: CBA), ANZ (ASX: ANZ), Westpac (ASX: WPC) and NAB (ASX: NAB) have responded to the Reserve Bank of Australia’s (RBA) actions this week by following...
Commonwealth Bank crypto launch faces delays, Rio Tinto takes control of Russian-held project interests
The Commonwealth Bank of Australia’s (ASX: CBA) pioneering move to float its first crypto product might face some delays.
Stock market regulator Australian Securities and Investments Commission (AS...
BHP and Woodside move higher, as the big banks digest recent gains
Earlier this week, BHP Group (ASX: BHP) along with Exxon Mobil Corp, announced they will pursue a gas output-boosting project from their Gippsland Basin Kipper field off southeast Australia, aiming to...
BHP, Rio Tinto and Woodside boosted by higher commodity prices, CBA sells 10% to Chinese bank for $1.8b
Earlier in the week, Australia’s two biggest mining firms BHP (ASX: BHP) and Rio Tinto (ASX: RIO) saw their stock prices buoyed by a global rise in the price of iron ore as a result of the conflict in...
Commonwealth Bank becomes first Australian bank to offer crypto exchange services
The advance of crypto assets into mainstream investor consciousness has passed another milestone after Commonwealth Bank (ASX: CBA) became the first major Australian bank to offer crypto services to i...
No signs of mortgage stress – yet – as regulators tighten home lending screws
With the average Sydney home now worth more than $1 million (even with a broken drain the only water view), it’s an odds-on bet that the next financial meltdown will have something (or everything) to ...
Bank profits boom after being pumped full of free cash
It is a wonderful time to be a banker – which is almost always the case anyway, but the banks are enjoying the pandemic.
The old joke in broking used to be that you can chop and change stocks all y...
Banks clashing with fast growing fintechs
If there is one thing that the $39 billion merger between Afterpay (ASX: APT) and Square (NYSE: SQ) has brought into stark focus, it is the contrast between the established banks and the new financial...
Battle between Afterpay and Commonwealth Bank one for the ages
Who do you trust more – Afterpay or Commonwealth Bank?
It is a difficult question to answer, although the answer will probably give a good indication of your age.
If you skew younger, you are mu...
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...
