Commonwealth Bank of Australia
ASX:CBA
Late-term CEOs rarely report anything that would damage their legacy. Peter King, who hands a stable, if still challenged, Westpac to his successor, is no exception.
The venture scaler, which is Commonwealth Bank’s unique take on a corporate VC, is set to more than double its revenue this financial year.
ANZ's venture arm is not dormant, its CEO says, but it has been focused on preserving its portfolio of investments in the last two years - including a stake in Airwallex. That's about to change.
CBA’s 7% slump marks a shift as funds move from banks to miners, leaving super funds holding the bag. Have peak bank valuations come and gone?
WAM's Matthew Haupt says he has "never seen anything like this before", with CBA shares exhibiting an unusual pattern almost every trading session.
Australia's high bank share prices have much to do with consistency and safe haven status. Westpac's very predictable decision to appoint Anthony Miller as its new CEO won't damage that reputation.
Westpac was once the most enthusiastic of the big four banks on VC. Now it is taking a more nuanced approach to the fintech sector.
Private credit is booming in part because banks are pulling out of lending to riskier sectors. But the big lenders are still clipping the ticket on the surging asset class.
The major banks make consistent profits and pay solid dividends, but they seem unjustifiably expensive. Competitors are looming and winning share but their share prices are not for the faint-hearted.
The predicted cost benefits from artificial learning are overstated, according to Macquarie analysts, while regulators are also adding notes of caution to the most ambitious plans.
The millionaire factory's trading update showed it will keep the pressure on margins, with the focus now shifting to Commonwealth Bank and Bendigo Bank results — and the ongoing strength of bank shares.
Four big banks, four models of corporate venture capital. CBA's is the most tightly controlled — but in return, it promises a more efficient pathway to scale.
Demographic shifts may partly explain widespread selling of bank stocks by mum and dad investors — which has driven retail ownership of three of the big four to its lowest levels.
Andrew Irvine took over NAB at a high point for the lender. But now things are slowing a strategic review will guide how much his predecessor's strategy needs to be "evolved".
Mortgage competition has eased, which is good news for banks. But competition for deposits is now heating up.
The finance sector is looking beyond box ticking for a competitive edge using social enterprises in their ESG programs. Budget measures help fuel the sector's growth.
Private debt, often funded by family offices, is rapidly growing and crucial in supporting property development in a tough market. Even big banks are supportive.
Analysts have been arguing for years that Commonwealth Bank is overvalued. Now Regal's Phil King has put his money where his mouth is and sold CBA short — not that investors seem to care.
The big four may be sitting on billions of dollars in excess capital — which might help explain the surge in their share prices over the past year.
Official data don't support a BNPL growth story meanwhile investors - and BNPL providers - are increasingly looking beyond the specific, youth-oriented, product.
Small business is increasingly polarised between those struggling with costs and slow growth and those thriving and investing. For good credits, banks have sharp pencils.
Anti-fraud measures and workplace productivity are among the most immediate use cases for AI in financial services — but human intelligence remains central.