Tagged: Commonwealth Bank

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Rebuilding trust in advisers key: Murray

By Andrew Main - The Australian The interim FSI report had gone a step further than the Wallis Inquiry of the 1980s in concluding that “the combination of disclosure and financial literacy, whilst important,...

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SMSF property debt a risk: Cooper

By Staff Reporter Earlier this week current Commonwealth Bank chief executive Ian Narev distanced himself from Mr Murray’s report, arguing that focusing just on property debt as a source of systemic risk doesn't make...

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Editor's Picks

By Jackson Hewett Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Flatlining growth in Commonwealth...

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Banks, Telstra lift Australian shares

If the last unemployment figure becomes a trend, that will have a big impact on how people position portfolios going forward. Telstra shares leapt 2. 2 per cent to $5. 56 after it reported...

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CBA chief Ian Narev rejects housing market warning

Even if the Reserve Bank did not move interest rates, he stressed this was only one influence on banks’ mortgage pricing decisions. “We’ve always said that the Reserve Bank rate is one input into...

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Aust stocks slip at noon

By Elizabeth Redman The Australian sharemarket is slightly lower at noon, weighed down by falls in bank stocks as investors take profits after Commonwealth Bank's record result. At 12. 05pm (AEST), the benchmark S&P/ASX200 index...

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Commonwealth Bank posts record $8.7 billion profit

By Stephen Letts “Lower interest rates have been positive for the housing and construction sectors, where increased activity has gone some way to offset the impacts of the anticipated reduction in investment in the...