Chief executive Matt Comyn said the mortgage market was in a period of “extreme change and intense competition,” highlighting the surge in cashbacks.
The Commonwealth Bank may be one of the most widely held stocks in the country,but analysts have lately struck a cautious note in their recommendations.
The CEO of the nation’s largest bank says the economy can withstand the hit from rising interest rates over the next six to twelve months.
A class action brought by CBA shareholders alleges the bank was aware of instances of non-compliance but failed to disclose it to the ASX.
The head of Australia’s largest bank says interest rate rises will clearly be on the table in the last two RBA meetings of 2022 following this week’s surge in inflation.
CBA’s Matt Comyn says he is upbeat about the medium-term outlook for Australia’s economy,despite global uncertainty caused by high inflation and the war in Ukraine.
CBA chairman Paul O’Malley says governments,businesses,unions and communities need to start planning to ensure a fair transition for coal-dependent areas.
CBA chief executive Matt Comyn says the decline in house prices will spark a negative “wealth effect”,where consumers cut spending when their on-paper wealth falls.
CBA boss chief Matt Comyn says the bank’s success led to complacency,ignorance and arrogance within its ranks.
Matt Comyn says developing a pipeline of Australian tech workers needs to be a top priority,as bank launches new IT hub in Melbourne.
There aren’t too many senators to be found in Anthony Albanese’s new ministry. Plus corporate titans follow the PM to Indonesia.