Commonwealth Bank news headlines

A local business owner in Sydney's Potts Point is baffled by a discrete policy change at the only banking branch in his area, which he says is "ungracious" and "not neighbourly".

Commonwealth Bank is cutting almost 200 jobs in Sydney, Melbourne and Perth, unions claim, despite posting a record full-year profit of $10.2 billion.

Commonwealth Bank business customers could get a rude shock when they go to make deposits from next month.

The Commonwealth Bank has posted a record full-year profit of $10.2 billion.

The Finance Sector Union believes two of the other big four banks will soon follow suit.

Australians aged between 30-34 are facing the greatest financial strain, while those aged between 60 and 74 feeling the least.

'Their profit is higher than ever and we've had workers from home for three years.'

Commonwealth Bank services are "recovering" after the bank reported issues for customers accessing their online banking.

The Commonwealth Bank has paid a record $3.55 million penalty after it was found to have breached Australia's spam laws.

The union claims the bank is sending 42 jobs - including operations team members, operations managers, business strategy managers and service managers - from Sydney to India.

The move comes just weeks after it reported massive profits.

Commonwealth Bank of Australia (CBA) and NAB - the country's first and third largest lenders have both hiked select rates for new customers.

Victoria's Assistant Treasurer has apologised for "an error of judgement" that saw him sign off on the Commonwealth Bank controlling state finances while holding shares in the bank.

Half-year profits jumped on the back of rising interest rates and lending growth.

Commonwealth Bank has unveiled enhancements to its anti-scam technology they say will help keep customers safe.

Three of Australia's biggest banks and their insurers will pay out more than $126 million, and customers could be eligible for a share.

The last of the big four to release its outlook, Westpac is now predicting the Reserve Bank of Australia (RBA) will hike rates by a 0.50 percentage point next week.

The Commonwealth Bank has become the latest company to broaden its offerings to customers, announcing today a deeper dive into the telecommunications space.

Commonwealth Bank, ANZ, Westpac, NAB all announce they'll pass on the 25 basis point rise, just hours after the RBA revealed the nation's cash rate will increase.

A technical glitch has seen Commonwealth Bank customers charged twice for their purchases.

Most of the bank's profits were driven by a strong rise in lending last year, when the housing market was charging ahead, underpinned by super low interest rates.

Called "Unloan", the home loan will provide only one standard interest rate depending on whether the customer is an owner-occupier or an investor.

The Commonwealth Bank has reported a half-yearly profit of $4.7 billion, up 23 per cent on the same period last year.

Commonwealth Bank will become Australia's first bank to offer customers the ability to buy, sell and hold cryptocurrency assets such as Bitcoin.

Westpac is the latest big four bank to hike up its fixed home loan rates, prompting experts to warn that the days of ultra-low property financing are numbered.

A COVID jab and a Bunnings snag could be the future as big businesses rally to help speed up the nation's vaccine rollout.

Customers are venting their frustration at the bank online, reporting being unable to pay for items such as fuel and groceries.

Customers reported being unable to access the Commbank app, while the bank itself confirmed that some merchant terminals run by CBA are currently down.

Commonwealth Bank's online banking services are working again, after being down for hours.

The Australian Securities and Investments Commission (ASIC) has launched legal action in the Federal Court against the Commonwealth Bank, alleging it incorrectly charged monthly access fees to almost a million customers.

The Commonwealth Bank has been accused of underpaying thousands of its staff by $45 million in a dispute with a trade union over tea breaks.

Known simply as Buy Now, Pay Later – or BNPL – the offering can be used anywhere debit and credit card payments are accepted.

Commonwealth Bank of Australia (CBA) has posted a $3.9 billion half-year cash profit a 10.8 per cent fall on the same period last year.

Tasmania has been named Australia's best-performing state economy for the fourth quarter in a row, boosting numbers across the board despite the threat of a global pandemic.

The key findings said providers were "unable to demonstrate" claims the schemes improve saving habits and failed to disclose they are essentially used to acquire customers.

Just a day after Australia's central bank cut the cash rate to a record-low of 0.1 per cent, CBA said it would drop fixed rates on four-year fixed rate home loans.

Announcing its full year results today, CBA said cash NPAT was down 11.3 per cent to $7.3 billion in FY20 due to conditions created by the virus.

The difficulties extend to customers' credit and debit card payments, online accounts and some home loan statements, transactions, Cardless Cash and internal cash transfers.

Slater and Gordon says a class action lawsuit against Commonwealth Bank, alleging the financial institution sold customers insurance products they couldn't use.

CBA identified more than 8000 customers who received multiple low-value deposits with potentially offensive or abusive messages in the descriptions of the transaction.

One, two and three year fixed home loan rates have all dropped by 70 basis points.

The Commonwealth Bank today reported a half-year fall in profits to $4.5 billion as it works to right the wrongs exposed in the Royal Commission.

Despite record low interest rates, bushfire impacts and rising costs, CBA has posted a first half cash profit of $4.48 billion.

The Commonwealth Bank's insurance arm has been fined $700,000 after pleading guilty to 87 counts of unlawfully selling life insurance policies in unsolicited phone calls.

Owned by the Commonwealth Bank, CommInsure will refund 30,000 $12 million after they sold dodgy life insurance products.

Customers who had payments delayed over the weekend should find an extra pineapple in their purse with the note "Sorry from CBA".

The Commonwealth Bank network systems are "now returning to normal", the bank says, after a disastrous outage yesterday stopped customers accessing their money.

Customers have been left unable to pay for groceries or fuel, as the bank's technical issues are forcing some branches to shut their doors.

Colonial First State has been hit with a class action alleging super members lost money because the CBA-owned wealth manager was too slow to implement reforms.

The bank's insurance arm has been charged with 87 hawking offences, in the first legal action to come from the banking royal commission.