The challenger bank will allow borrowers in priority industries including tech, finance and government to take on more leverage despite a weaker property market.
Commonwealth Bank of Australia
ASX:CBA
Less than eight years after the royal commission, banks are eyeing a return to financial advice as regulators signal they may be ready to move on.
After a scathing royal commission pushed banks to offload their wealth and advice businesses almost a decade ago, there is growing talk of a comeback.
Head of retail banking Carolyn McCann has conceded the division’s cost base is too high relative to its peers, as she unveiled her new strategy.
The High Court is finally getting down to the real issues in shareholder class actions.
The chief executive of ANZ says, whatever its merits, the government’s tax plan is having the desired effect on property investment.
The major lenders have now all called time on negative gearing.
CBA’s inaugural AI summit put OpenAI’s Sam Altman centre stage as Matt Comyn argued Australia must build capability now or risk being left behind.
After interviewing OpenAI’s Sam Altman, the CBA chief urged Canberra to find a fair copyright mechanism and seize Australia’s data centre opportunity.
It echoes similar moves by Westpac and Macquarie, with CBA and ANZ still reviewing their policies in the wake of the government’s negative gearing ban.
The retail bank’s Anthropic punt has given it a front-row seat in AI, and an investment record to make the Silver Donut envious.
Small rivals fear they will be squeezed out of regional markets by the same big institutions which have abandoned them.
Negative gearing changes are set to take the wind out of lending momentum at Australia’s biggest banks as investors get cold feet.
The federal budget has thrown Australia’s biggest banks into a frenzy as they begin restricting property investors.
Negative gearing changes are set to test the big banks, with analysts warning mortgage growth and margins could come under pressure.
As the majors taper their risk appetite, Shemara Wikramanayake says Macquarie is ready to press its advantage in retail banking.
The iPhone maker has taken the gloves off in a major escalation of its long running feud with Australia’s largest bank and most valuable company.
Two of Australia’s largest banks have declined to participate in an industry trial as the sector divides under government pressure.
After a bumper run, bank valuations look stretched as analysts warn earnings, margins and bad debts may leave little room for further gains.
What first looked like a Commonwealth Bank problem is shaping up as a broader fraud risk tied to broker and referrer channels across the majors.
Australia’s biggest banks have quietly been restricting access to referrer programs and investing in fraud detection as risks rise.
The financial crimes regulator has issued a fresh warning to banks, as loan referral programs face fresh scrutiny in the wake of an apparent outbreak in fraud.
Police are working with CBA this week as AUSTRAC examines suspected loan fraud and laundering, in a warning shot for bank controls across the sector.
Australia’s biggest bank self-reported loans it suspected were fraudulent to the police. Now the feared financial crimes regulator is on the case.
Australia’s biggest bank tried to avoid a public backlash as it made one of the first moves by a blue chip company to shed staff amid AI disruption.
The big banks are riding a strong earnings run and a market high. But with valuations stretched, how long can the buzz last?
The Commonwealth Bank boss says rival banks could be pushing too hard to expand, risking margins, asset quality and a regulatory response.
Australia’s largest bank was found to have breached its disclosure obligations leading up to the $700 million AUSTRAC settlement. Now the High Court will decide whether it will have to pay for it.
CBA boss Matt Comyn isn’t buying the AI doomsaying, arguing the tech is more likely to lift jobs and productivity than gut Australia’s white-collar sector.
It’s rare for a big bank to trade with the exuberance of a tech stock. Here’s what gave CBA its biggest day on the ASX in six years.
The $52 billion fintech has found common ground with Australia’s largest bank as it looks to ramp up competitive pressure on Apple, Visa and Mastercard.
