Commonwealth Bank of Australia (CBA.AX)
16 Nov 2018
Nov 7 Commonwealth Bank of Australia posted a 5.7 percent fall in first-quarter unaudited cash profit as higher funding costs put pressure on margins, while higher bad debts also hurt.
* Offer values company at almost a third lower than shelved IPO
Nov 6 Commonwealth Bank of Australia said on Tuesday its joint bid to buy Property Exchange Australia Limited (PEXA) has been accepted by shareholders holding a majority of the online property settlements firm's shares.
Nov 1 Commonwealth Bank of Australia said on Thursday it would issue debt through a hybrid capital notes offer to raise about A$750 million ($530.63 million).
* Australia banks rushing to offload noncore assets after inquiry
Oct 30 Japan's Mitsubishi UFJ Financial Group is set to buy asset management operations of Australia's largest lender Commonwealth Bank of Australia for about 300 billion yen ($2.66 billion), the Nikkei newspaper reported on Tuesday.
* CBA to focus on core banking businesses (Recasts with details on FWD Group, insurance deals)
Oct 23 Commonwealth Bank of Australia said on Tuesday it would sell its 80 percent stake in Indonesian life insurance business PT Commonwealth Life to Hong Kong billionaire Richard Li-owned FWD Group for A$426 million ($301.57 million).
SYDNEY, Oct 15 Commonwealth Bank of Australia named Alan Docherty on Monday as chief financial officer, following the unexpected exit of the previous CFO in May, as the lender renews its leadership ranks following one of its worse governance crises.
Oct 15 Commonwealth Bank of Australia named Alan Docherty on Monday as its chief financial officer, following the unexpected departure of Rob Jesudason from the post earlier this year as the lender battles one of the worst governance crises in its history.