#Cba
No $8m fine for CBA but it felt punished
CBA feels it has already received punishment.
CBA facing probe over governance concerns
Concerns around governance, culture and accountability within the Commonwealth Bank (CBA) have prompted the Australian Prudential Regulation Authority (APRA) to announce an independent inquiry into the lender. According to APRA Chairman Wayne Byres, the panel would consider the lender’s frameworks and practices in relation to the governance, culture and accountability to determine whether they conflict […]
Customers aren’t the only beneficiaries of Australia’s most innovative companies
Australia’s most innovative companies are not just innovating for their external customers, they’re also innovating for their internal ones – their staff. Refusing to be like the plumber with the leaky taps, they are turning their innovation efforts inwards. The Australian Financial Review’s 2016 Most Innovative Companies list features groundbreaking innovations ranging from: a courier service that owns […]
Businesses must embrace innovation and ‘think like start-ups’
Research findings released today have shown that smaller Australian businesses value innovation more than larger businesses. The results, revealed by the Commonwealth Bank Business and Innovation Study, also showed that roadblocks to innovation include a lack of ideas, time and resources, business partners who are all talk and no action, and a lack of data […]
CBA launches new mobile banking innovations
The Commonwealth Bank is making mobile banking more accessible to small businesses, rolling out a number of new innovations to its social payments app CommBank Kaching this week.
CBA launches competition to give SMBs a $10,000 cash injection
The Commonwealth Bank is giving the small to medium business community a chance to share in a $30,000 support package, in an attempt to help the sector that accounts for more than 35 percent of Australia’s economy.
Banks drag the chain on business rate cuts
When the Reserve Bank cut interest rates, home owners arm-wrestled the banks into passing on the cut. But, as Rohan Gamble finds, small businesses aren’t as lucky: “Small businesses aren’t just missing out on full rate cuts, business lenders are taking almost double the amount of time to implement the rate reductions.”
Major banks gaining satisfaction over rivals
The four major banks are closing the gap in business satisfaction against smaller rivals. Satisfaction with the Big Four climbed to a new record high in November, continuing a trend seen throughout 2011, according to the DBM Consultants Business Financial Services Monitor.
Commonwealth Bank improves business access to funds
The Commonwealth Bank (CBA) has rolled out its Everyday Settlement feature, designed to give businesses instant access to funds from their merchant terminals.
Billabong entrepreneur forged signature to obtain $13m loan
The Brisbane Supreme Court won’t assist the Commonwealth Bank (CBA) to recover a $13.5 million loan, after it ruled Billabong entrepreneur Matthew Perrin forged his ex-wife’s signature to secure the money.
Commonwealth Bank kicks off location-based Facebook giveaway
The Commonwealth Bank has employed Facebook’s location-based marketing expertise to give away a year’s worth of free movie tickets to anyone who opens an Everyday Account with the bank after “checking in.”
Bank wars: what’s in it for small business?
The bank wars have just begun and small business owners may find themselves in the unusual position of having a whole lot more bargaining power than you might otherwise think.
CBA Business Sales Indicator disappointingly flat in October
October’s Commonwealth Bank Business Sales Indicator (BSI) remained flat in October after contracting for ten consecutive months, suggesting retail spending has hit a plateau prior to the the Christmas retail period.
CBA chairman applauds banking regulation at AGM
Commonwealth Bank of Australia (CBA) chairman David Turner has applauded Australia’s banking regulation during the Global Financial Crisis for helping elevate CBA to the top 15 banks in the world by market capitalisation.
Housing affordability close to ‘record lows’ in HIA-CBA report
Housing affordability in Australia is close to record lows according to the HIA-CBA Housing Affordability Report for the June quarter 2010.
Commonwealth Bank profit tops $6 billion – up 42 percent
The Commonwealth Bank of Australia’s (CBA) cash net profit after tax has increased by 42 percent to $6,101 million for the financial year ended 30 June 2010.
Half-yearly clearance sales fail to attract shoppers
Australian retail sales were flat over the month of May, with retailers half-yearly sales failing to attract shoppers, according to the latest Commonwealth Bank Business Sales Indicator (BSI).
Commonwealth Bank’s NetBank is ‘iPad ready’
Commonwealth bank has jumped on the iPad Internet Banking bandwagon and announced their NetBank service is fully compatible with the iPad.
CBA increases lending to small business to $25 billion
Commonwealth Bank has increased its small business lending at ten times the rate of competitors, with loans to small business totaling $25 billion The Australian reports.
ANZ and St George have most satisfied customers
ANZ and St George Bank have emerged as the clear industry leaders in terms of business consumer’s satisfaction, a new report from the TNS Business Finance Monitor (BFM) has shown.
CBA to shut down controversial tax dodging operation
The Commonwealth Bank will shut down their structured finance division, with department head Leanne Leong resigning after an internal review.
CBA compensation deal for Storm Financial coming on Saturday
The Commonwealth Bank has agreed to a settlement with former Storm Financial clients and plans to discuss compensation details this Saturday in Townsville, North Queensland. Some former clients of Storm Financial will be eligable for cash and other concessions as a part of the compensation deal. In responding to the deal, the Storm Investors’ Consumer […]