Business
The Commonwealth Bank will shower shareholders with a $6 billion share buyback and increased dividend after it reported a 20 per cent increase to its annual profit of more than $8.8 billion.
Business
Sydney’s lockdown was likely to force the nation into a sharp economic contraction with consumer confidence in cities like Brisbane already feeling the impacts.
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Divergent approaches taken by two Australian banks towards beef production in the past week highlight the challenge ahead for the livestock sector to keep public opinion on the positive side of the ledger, reports Brad Cooper.
A boom in home and business lending has helped the Commonwealth Bank to a $2.4 billion third-quarter profit, a rise of 24 per cent against the same time last year.
ASIC has commenced civil penalty proceedings in the Federal Court against Westpac, alleging it mis-sold consumer credit insurance with credit cards, and other credit facilities, to customers who had not agreed to buy the policies.
The Commonwealth Bank has paid out $64 million to customers for charging fees it had no right to after Federal Court proceedings were launched against it claiming deceptive and misleading conduct.
Black Friday proved a success for both online and in-store sales, but was not the success it was in 2019, according to the Commonwealth Bank.
