Commonwealth Bank
Profits of rage: Don’t bank on earnings dissent changing anything
There is not much greater obscenity than the announcement of a $10 billion profit by an Australian bank, followed by the news that its executives have seen their pay packets soar.
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Opinion
Private banking
Despite 10 billion reasons to hate the banks, it’s not that simple
In these times of ‘greedflation’, businesses like the CBA have too much power to push up prices. But wages growth will outpace prices in the years ahead. You can bank on it.
- by Chris Richardson
Updated
Earnings season
Investors wary on CBA margins after record $10.2b profit
The country’s largest bank posted a record profit, but investors said the bank’s margins could be squeezed by stiff mortgage competition in the coming months.
- by Millie Muroi
CBA defends profits amid signs of increasing financial stress
The country’s biggest bank said it was important for banks to be generating profits so they could support the economy through a period of economic weakness.
- by Millie Muroi
Updated
World markets
ASX finishes in the green as CBA rises on record profit
The Australian sharemarket closed 0.4 per cent higher, as investors in Australia’s biggest bank cheered a solid result.
- by Jessica Yun
Opinion
Earnings season
What keeps CBA’s boss awake at night? It isn’t stressed borrowers
Any board that ticks off a share buyback and a higher dividend payout ratio is sending a message that it is not concerned about the strength of its franchise.
- by Elizabeth Knight
The $10.4 million man: CBA chief gets a rich reward
CBA chief Matt Comyn and other executives at the country’s largest bank have seen their pay packets soar as a result of long-term bonus schemes.
- by Clancy Yeates
CBA results a litmus test on mortgage pressures as record profits tipped
The bank’s full-year results will give an insight into the state of the economy, bad debts and pressures on banking sector profit margins.
- by Millie Muroi
Commonwealth Bank to cut 250 jobs, says Finance Sector Union
The Commonwealth Bank already cut more than 200 jobs two months ago, at a time when its bottom line is benefiting from rising interest rates and low bad debts.
- by Clancy Yeates
Why Murdoch’s News Corp hired a political lobbyist
The media empire has hired SEC Newgate to work the corridors of power in Canberra. So something big must be in the offing.
- by Kishor Napier-Raman and Noel Towell