Tagged: Commonwealth Bank

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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...

CBA wins Qld govt contract

By Mitchell Neems CBA group executive of institutional banking and markets, Kelly Bayer Rosmarin, said the lender's leadership in technology and innovation would allow it to quickly deliver significant cost savings and efficiency dividends...

Transurban refinances Westlink debt

By Elizabeth Redman The toll road operator said the new $1. 27bn of debt has been provided by local lenders Australia and New Zealand Banking Group, Commonwealth Bank of Australia, National Australia Bank and...

Fortnum cuts ties with ANZ

CBA whistleblower and former financial planner Jeff Morris said developments at Fortnum and Ethical Financial were the start of a trend against the “fatally flawed”, vertically integrated model, whereby product manufacturers seek to control...

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‘Millionaire’s factory’ hits a hurdle

For Macquarie, it may have seemed that the undertaking put an end to controversy over its financial advisory arm - the group says it ‘‘has been working closely with ASIC to make the necessary improvements...

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Macquarie accused to misclassifying clients: report

By Staff Reporter Fairfax reports the Commonwealth Bank whistle-blower Jeff Morris says the Macquarie situation shows the corporate regulator, the Australian Securities and Investments Commission (ASIC) is "utterly ineffective" and reiterated his call for...

Australian shares post steep fall in response to US stock slide

By Simon Frazer Among the energy stocks, Woodside was down 1. 5 per cent as investors meet in Perth to decide on the fate of a proposed share buyback. Santos had fallen 1. 4...