Commonwealth Bank of Australia (CBA.AX)
19 Aug 2019
SYDNEY Commonwealth Bank, HSBC and Citi are betting that Australia's central bank will cut interest rates more steeply than previously thought as global trade tensions ratchet up and domestic hiring intentions slow.
SYDNEY, Aug 15 Commonwealth Bank of Australia said on Thursday it expects two more rate cuts from the country's central bank by February, as indicators on hiring intentions point to weakness ahead and global trade tensions ratchet up.
Aug 7 Commonwealth Bank of Australia became the latest company to join a global push to reduce emissions and said it would phase out its exposure to thermal coal or power plants by 2030.
* Disappointing that capital and cost management delayed - CS
Aug 7 Commonwealth Bank of Australia said on Wednesday it would exit its aligned financial advice business amid increased regulatory scrutiny following an inquiry into the wrongdoings of the country's financial sector.
Aug 7 Commonwealth Bank of Australia, the country's largest lender, reported a 4.8% drop in annual cash earnings on Wednesday as record-low interest rates, refund costs and rising competition for loans ate into margins.
SYDNEY, July 29 Australia's IFM Investors grew funds under management by almost a third in the year to June 30, the country's second-largest infrastructure investor said on Monday, as rivals such as AMP Ltd are losing clients following misconduct revelations.
July 19 Commonwealth Bank of Australia said on Friday it would ease mortgage lending rules for its customers starting July 22, joining some of its Big Four peers who have taken similar measures in a bid to revive a sluggish economy.
June 28 Commonwealth Bank of Australia said on Friday it has created a new senior executive role to oversee marketing and corporate affairs, as it looks to regain customer trust and restore its reputation.
June 28 Commonwealth Bank of Australia said on Friday it would separate the role of Group General Counsel and Governance by creating a new position of Group Executive Marketing and Corporate Affairs to focus on restoring the firm's reputation.