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Showing 51 - 60 of 1264 results for "CBA"

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... current thinking". The RBA has introduced forward guidance since the August board meeting, and Commonwealth Bank of Australia (CBA) head of Australian economics Gareth Aird says this guidance is "at odds" with the central bank's communication strategy. ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... bank will need to cut rates. In Australia, the monthly CommBank Household Spending Insights (HIS) Index, Commonwealth Bank (CBA) revealed household spending in July was flat (unchanged at 148.2), indicating consumers have been trimming spending. CBA ...

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
Commonwealth Bank of Australia (CBA) has revealed there were 2259 substantiated cases of misconduct for the year, up from 1122 the previous year. Of those, 18 were cases of sexual harassment or other sex-based harassment, two were a result of bullying ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
Commonwealth Bank (CBA) has warned that the extraordinary amount of savings Australians amassed during the pandemic will run dry by the end of the year. CBA said Australians had accrued around $300 billion in additional savings during the period, as ...

RBA on hold: Experts split on 2024 cut

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... back down to target because we can't let inflation get away." Despite the RBA's sentiment, Commonwealth Bank of Australia (CBA) head of Australian economics Gareth Aird held his prediction for a November cut. "The overall message out of the RBA was a ...

Top 10 Australian share funds of FY24

ANDREW MCKEAN  |  MONDAY, 29 JUL 2024
... by the big four banks, which have benefitted from the surprising resilience of the Australian economy to date. By June 30, CBA had taken over Citigroup and Mitsubishi UFG to become the 13th largest bank globally."

Household income buoyed by property investments: CBA

MATTHEW WAI  |  TUESDAY, 23 JUL 2024
Average household income has been lifted through a poised rise in the rent and investment segments, as Aussies remain uptight on the front of cost-of-living, Commonwealth Bank data shows. Overall income growth is sitting at around 5%, with rent and ...

New lending for property investors up 30%

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
... lending, it is very high but does remain below the peak it reached in 2015 just post the APRA limits," Commonwealth Bank (CBA) economist Stephen Wu said. CBA had expected new housing lending to rise 3.5% for the month, while the consensus was for a 1.8% ...

Morningstar hires fixed income lead from PATRIZIA

ELIZABETH FRY  |  FRIDAY, 14 JUN 2024
... seven years at Macquarie he sat with the Australian Origination team developing and managing structured financial products. At CBA, he ran pricing, acquisition and retention strategies for the $85 billion term deposit book. "We are excited to have Thomas ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... 1.1%, the slowest rate of annual growth in GDP in more than three decades outside of the COVID-19 pandemic. Commonwealth Bank (CBA) head of Australian economics Gareth Aird said the quarterly changes in real GDP paints the picture of an economy that ...