With public trust plummeting, big business needs to do better
More than half the people surveyed worldwide said capitalism today does more harm than good, and no amount of PR or marketing spin looks set to shift that.
John Durie: How CBA’s new Unloan product will help it defend its home loans against fintechs
The new Unloan product unveiled by chief Matt Comyn this week is part of the CBA defence of its $450 billion loan book against fintechs, and in the process gives the bank more control over its business.
First female CBA chair Catherine Livingstone to step down after five years in the role
After five years at the helm during some tumultuous times, Commonwealth Bank of Australia chair Catherine Livingstone is set to step down from the board in August.
Gen Z consumers are willing to pay more for products matching their “purpose”, according to a new CommBank report
The new CommBank report states 53% of surveyed consumers are willing to pay more than usual for goods and services that come from "purpose-led" businesses.
CommBank launches shopping apps Little Birdie and Cheddar as retail “land grab” continues
CommBank is going hard on retail with the unveiling of shopping apps Cheddar and Little Birdie. But does the bank truly have merchants’ best interests at heart?
Explained: The small business support available from the big four banks
More small businesses are receiving hardship support from their banks amid ongoing lockdowns in the country’s two most populous states.
CBA steps up to take on Afterpay with launch into BNPL sector
CBA has officially stepped into the increasingly cluttered buy now, pay later sector this week, marking the first major bank to make a play against industry juggernaut, Afterpay.
Why Commonwealth Bank should also be thanking taxpayers for its $8.65 billion profit
Instead of congratulating itself on its brilliance, the Commonwealth Bank's board and management should have thanked taxpayers for enabling them to generate a huge profit.
It’s time to regulate BNPL in Australia, says Commonwealth Bank chief
The buy-now, pay-later sector in Australia is all grown up and ready for regulation, according to Commonwealth Bank chief Matt Comyn.
Economists say up to 110,000 jobs could be lost when JobKeeper ends this month
JobKeeper recipients working in the transport, arts and recreation, and accommodation and food services industries are the most likely to lose their jobs when JobKeeper ends.
Federal Court finds CBA overcharged $2.2 million in interest on business accounts
CBA is facing penalties after the Federal Court found it charged business customers interest at more than double the rate they were advised.
The government’s $540 million Business Growth Fund has been established and will invest in high-growth SMEs from next year
The federal government and Australia's major banks have committed $540 million to the freshly minted Business Growth Fund, which will offer capital to high-potential SMEs and startups.
