Matt Comyn
Opinion
Big four
CBA lowers the curtain on a profit season banks would rather forget
This season was not one that banks will be crowing about – all experienced a fall in profits and the themes were remarkably similar.
- by Elizabeth Knight
Latest
CBA boss says rates to stay on hold after another profit drop
The country’s biggest bank has reported its net profit slid by 3 per cent as CEO Matt Comyn said the strong immigration rate was helping the Australian economy remain resilient.
- by Millie Muroi
Bank chiefs back calls for longer election cycles
The bosses of major banks have backed calls for federal elections to be held every four years instead of three to provide more certainty for business.
- by Millie Muroi
The after-hours phone call that gave workers the right to disconnect
Senator Barbara Pocock retreated to her parliamentary office in Canberra for a critical meeting with fellow kingmaker David Pocock last week. The mood was tense.
- by Sumeyya Ilanbey
Updated
Earnings season
CBA boss warns on rising late payments as bank posts $5b profit
CBA chief executive Matt Comyn said late payments likely to tick up as customers faced cost-of-living pressures. The bank’s shares fell as its profit declined.
- by Millie Muroi
NAB boss says rates nearing peak ahead of Reserve Bank decision
National Australia Bank chief executive Ross McEwan said rate hikes were slowing the economy as intended but that there could be one more next year.
- by Millie Muroi
Opinion
Big four
Bank bosses cut loose in a war of words
Now that all the major banks have reported their 2023 profits, the conventional notion that Australia’s big four lenders act as a herd is being challenged.
- by Elizabeth Knight
Opinion
Home loans
Pressure mounts on Commonwealth Bank to reignite mortgage wars
The mortgage cliff that borrowers were facing has thus far taken on the shape of stairs, which most borrowers have been able to manage.
- by Elizabeth Knight
Commonwealth Bank ramps up anti-scam technology for customers
The assistant treasurer has called for closer collaboration between banks and telcos on tackling fraud, as the CBA announced an expansion of its anti-scam technology.
- by David Swan
CBA mulls next move in mortgage war after losing share to rivals
Commonwealth Bank chair Paul O’Malley says the nation’s biggest mortgage lender plans to defend its turf after rivals Westpac and ANZ claimed market share.
- by Clancy Yeates
Bank bosses defend branch closures as customers go digital
Commonwealth Bank chief Matt Comyn says about 40 per cent of the bank’s 728 bank branches are in regional areas – but that CBA has to maintain profitability.
- by Millie Muroi