Tag: Commonwealth Bank

All improvements in spending recorded during May and June have been reversed, according to a leading index, as consumer sentiment proves it’s far from recovered.

The recovery in economy-wide spending appears to have consolidated as business sales remain positive, according to the latest Commonwealth Bank Business Sales Indicator (BSI).

Small business owners around the country are being invited to register for the Commonwealth Bank’s free annual forum program, which kicks off next month.

Local women are being invited to enter the Commonwealth Bank Women in Focus Community Builders competition series, and share their stories to go in the running to win a trip to Mt Kilimanjaro or New York Fashion Week.

Businesses are no more satisfied with the major banks now than they were in October, despite two interest rate cuts in November and December.

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.”

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.

Google has released its Australian 2011 Brand Zeitgeist list, which shows the most searched for brands and ads in the country. Commonwealth Bank topped the list as Australia’s most searched for brand.

New financial research has shown Australians are more satisfied with Sydney-based banks than Melbourne-based ones.

The Reserve Bank of Australia (RBA) cut interest rates by 25 basis points yesterday, taking the cash rate down to 4.5 percent in time for the all important Christmas season.