Tag: Commonwealth Bank

Small businesses see little difference between the Big4 major banks and regional bank brands such as BankWest, BankSA and St George, new research has found.

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.

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.

The Commonwealth Bank of Australia has increased interest rates its range of home loan products by 0.45 percent, almost double the official interest rate rise from the Reserve Bank of Australia yesterday.

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.

September showed the first back-to-back gains for the Commonwealth Bank Business Sales Indicator (BSI) in ten months, a promising sign for retailers.

Bunnings Warehouse and Dymocks retail outlets have both committed to rolling out PayPass contactless payments terminals across all their stores, partnering with Commonwealth Bank to roll out the service.

Australia’s services sector is contracting at an ever increasing pace as the Reserve Bank of Australia uses a blunt tool, interest rates, to slow down inflation from Australia’s rampaging resource sector.

The performance of the Australian services sector continues to be uninspiring, with political uncertainty surrounding Australia’s hung parliament impacting on demand in August.

Commonwealth Bank customers now have access to an additional layer of security when shopping online, the NetCode SMS or token – a one-time password issued by the bank.