Macquarie is among dozens of lenders to start offering slightly lower interest rates, as banks compete for fewer customers.
Articles on Commonwealth Bank
Displaying 1 - 20 of 34 articles
From a global clothing brand to our biggest bank, companies that don’t follow the rules on sending marketing spam to Australians have faced hefty fines.
If you’re one of CommBank’s 17 million customers, don’t panic. But given how well AI can now fake documents, all banks will need to rethink their security.
Banking is set to be fundamentally rewritten by artificial intelligence, whether we’re ready or not. The real test is whether that transformation will be fair.
The federal government has laid out a big picture proposal to keep cash alive. But it will need to keep a close eye on the details, and the unique challenges cash presents for businesses.
We really are being charged more than we used to be. If the government is concerned about price gouging, it could try this bold idea: offering its own low-cost bank loans.
Two of Australia’s major banks have announced they will take action against financial abusers, including closing their accounts.
School banking programs like Dollarmites are being banned in some state schools due to the idea children are vulnerable to marketing tactics. But our research shows this isn’t always the case.
Rather than imposing a straight fine, taking away franking credits would ensure shareholders feel more pain when companies misbehave.
Westpac has admitted to more than 23 million breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act.
AMP’s handling of sexual harassment charges shows its culture is still rotten.
Westpac and the ANZ have suspended dividends payments. The National Australia Bank has slashed them. The peculiarities of our tax system explain why retirees hate this more than they should.
There are better ways to teach financial literacy than through school banking schemes.
Management trumps technology in making companies productive, but that doesn’t mean firms can be complacent when it comes to keeping up with change.
The Commonwealth Bank has agreed to pay a $700 million fine over its inadvertent failure to tackle money-laundering. But the penalty is in line with punishments for far more serious violations by other banks.
The Commonwealth Bank has been given responsibility to fix its own management mess. Regulators could have done a lot more.
Financial literacy is more than numeracy, it requires a healthy scepticism of financial institutions and confidence in making financial decisions.
The Australian Banking Association says ‘nearly 80% of bank profits go straight back to shareholders’, the majority of whom are ‘everyday Australians’. Is that right?
CBA’s risk management strategy clearly states that responsibility rests with the board of the bank for any wrongdoing.
The CBA’s response to AUSTRAC’s claims means shareholders will be assisted in part of their class action claims, but a lot still needs to be proved.
Top contributors
-
Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
-
Senior Lecturer, Faculty of Law, University of Wollongong
-
Emeritus Professor of Finance, The University of Melbourne
-
Professor in Finance and Banking, University of Sydney
-
Professor - Risk governance, culture, remuneration, Macquarie University
-
Associate Professor of Finance, UNSW
-
Professor, UTS Business, University of Technology Sydney
-
Adjunct Associate Professor, School of Social and Political Sciences, University of Sydney
-
Assistant researcher, University of Sydney
-
Professor of Law, UNSW
-
Vice Chancellor's Fellow at Victoria University and Adjunct Professor of Economics, Victoria University
-
Senior Lecturer in Law & Justice, UNSW
-
Associate Professor, Office of the Deputy Vice-Chancellor (Indigenous Engagement) and School of Education, The University of Queensland
-
Lecturer in Economics, Macquarie Graduate School of Management
-
Associate Professor, Monash University