Commonwealth Bank of Australia

The Commonwealth Bank of Australia or CommBank is Australia's largest bank by asset-size and the 18th largest bank in the Asia Pacific region ("Asia-Pacific's 50 largest banks by assets, 2023" by S&P Market Intelligence). 

Westpac mobile app rated best in Australia by Forrester

Westpac mobile app rated best in Australia by Forrester

Actionable recommendations and prompts to avoid fees helped propel it to the top spot.
12 hours ago

Regulator urges stronger standards in Australia's private credit sector

A review found opaque remuneration and fee structures, amongst other concerns.

CBA says RBA interchange reforms risk hurting Aussie firms

The Australian bank agreed that debit and credit surcharging should be eliminated.

CBA’s x15ventures teams up with fintech fund Triple Bubble

They will develop a mentorship and talent exchange program.

CBA names Belinda Allen as new head of Australian Economics

Allen is tasked with the bank’s Australian economic forecasts, amongst others.

CBA partners with OpenAI for scam and fraud detection, personalised services

CBA employees will progressively get access to OpenAI’s AI tools.

Commonwealth Private unveil self-directed investment option for wholesale investors

Private Wealth Advantage is a self-directed investment option for wholesale investors.

CBA deploys AI bot army to disrupt and study scam attacks

Thousands of voice and message bots intercept scammers before they reach real customers.

Only 1 in 10 CBA home loan customers reduced repayments after rate cut

Those in New South Wales were most likely to opt for the reduced repayments.

Banks in China, Australia see market caps rise in Q2 on falling interest rates

In contrast, Japanese megabanks and DBS saw their market caps fall.

Australia’s big four banks' fossil fuel exposure remain in billions

They are exposed to methane emissions, which they do not measure separately.

Aussie banks welcome confirmation of payee system

It will check if the account names and numbers entered by the payer.

Chinese megabanks cement nation’s economic prowess

Banks in China dominated S&P Global Market Intelligence’s top 50 lenders in the region.

CommBank deploys AI-powered bots to fight scams

The bots engage scammers, gather intelligence, and disrupt scam operations, it said.

Commonwealth Bank of Australia completes stake sale in Bank of Hangzhou

CBA received approximately $940m, and CET1 ratio was raised by 17 basis points.

CommBank establishes tech hub in Seattle

The first cohort focuses on learning to fast track adoption of agentic AI and gen AI solutions.