Tagged: Commonwealth Bank

Shoppers hold back on Christmas

Spending in department stores fell nearly 1 per cent. "The soft result is consistent with patchy anecdotes from retailers and subdued consumer confidence in the month," ANZ said in a note. "It also suggests...

NAB cuts rates, posts quarterly earnings

The closely watched bad and doubtful debts figure was up 30 per cent over the quarter but the bank said bad debts were stable before accounting adjustments. ""Further significant improvements in asset quality over...

NAB cuts home loan rates, posts $1.65b quarterly earnings

The closely watched bad and doubtful debts figure was up 30 per cent over the quarter but the bank said bad debts were stable after excluding accounting "overlay" adjustments for economic conditions. ""Further significant...

NAB passes on RBA rate cut in full

By Michael Roddan NAB said this morning it had reduced its standard variable home loan rate to 5. 63 per cent per annum, making it the third of the big four banks to pass on, or...

CBA, Westpac customers wait on rate cuts

However, interest rates on credit cards have increased by 25 basis points in the 18 months since the RBA last cut rates and, historically, have not fallen with cash rate cuts. 2 Michael Wright‘s...

Shares set for 10th straight win

By Michael Roddan The local market gains were driven by decidedly upbeat leads from Wall Street, where a three-day rally in global oil prices buoyed investor sentiment. At 12. 05pm (AEDT), the benchmark S&P/ASX200 index...

Westpac joins CBA in passing on rate cut

Commonwealth Bank of Australia was the first of the big four banks to pass on Tuesday’s interest rate cut to home loan customers, reducing its standard variable rate by 0. 25 percentage points to...

Commonwealth Bank cuts interest rates by 25 basis points

By Michael Janda The Commonwealth Bank has been the first of the big four to move rates, passing on the full 25 basis point rate cut, and cutting five-year fixed mortgage rates by more....