Wistikles | Commonwealth Bank has cut ~300 jobs in Australia during a restructure and AI push — while hiring for similar tech roles in India. The Finance Sector Union has taken the dispute to the Fair Work Commission. The bank denies it’s shifting jobs offshore

#wistikles #CommonwealthBank #JobCuts

Commonwealth Bank (CommBank)'s online banking services are reportedly down for hundreds of customers at the moment. Are you one of them? #CommBank #CommBankDown #CommonwealthBank community.designtaxi.com/topic/22713-is-commonwea...

Commonwealth Bank's online banking is reportedly down for some customers right now. Are you one of them? #CommonwealthBank #CommBank #CommBankDown #Netbank community.designtaxi.com/topic/19868-is-commonwea...

CBA boss says repaying ‘excessive fees’ to low-income customers could be seen as taking shareholder money Commonwealth Bank Australia– which reported a record cash profit of $10.3bn in most recent financial year – charged $270m in ‘excessive fees’ over five years

He said the quiet part out loud. A "Let them eat cake moment". "Why won't those poors just starve for the shareholders........"

#auspol #cba #commonwealthbank

Commonwealth bank's online service is reportedly down for hundreds of users at the moment. Are you one of them? #CommonwealthBank #CommBank #CommBankDown community.designtaxi.com/topic/19372-is-commonwea...

OpenAI signs multi-year partnership with Commonwealth Bank of Australia Investing.com-- Commonwealth Bank of Australia (ASX:CBA) on Wednesday announced a multi-year partnership with U.S. artificial intelligence firm OpenAI to deploy advanced generative AI tools for customers and employees, making it OpenAI’s strategic banking partner in Australia. The lender said engineers from both companies will collaborate on AI solutions aimed at strengthening scam and fraud detection and providing more personalised services. CBA staff will gain access to OpenAI’s enterprise-grade ChatGPT platform, alongside training and upskilling programmes to boost AI capability and ensure responsible use. OpenAI Chief Executive Sam Altman said the tie-up would put advanced AI “into the hands of more Australians” and help make it more impactful for people and businesses nationwide. Separately, the bank reported a record full-year profit on Wednesday but saw its shares decline more than 5% to a three-month low on valuation concerns and reliance on volatile trading income.

Click Subscribe #OpenAI #CommonwealthBank #Partnership #ArtificialIntelligence #BankingInnovation

Commonwealth Bank posts record $10.25bn profit and reveals plan to clamp down on coal lending Australia’s biggest bank delivers bumper payout to shareholders as CBA vows to end lending to coal companies with no net zero plans

The big wigs running the #CommonwealthBank won't be too cocksure when all the tens of millions of dollars they lend to wind and solar farm conglomerates goes up in smoke when in the years to come a huge % of #renewableenergy projects turn into massive white elephants.

Rest assured - it will happen!

Commonwealth Bank of Australia’s posts record full-year cash profit (Reuters) -Commonwealth Bank of Australia reported its best full-year cash earnings and announced a record dividend payout on Wednesday, as strong growth in home and business lending volumes and stable underlying margins bolstered its profits. CBA, which underwrites a quarter of Australia’s A$2.2 trillion mortgage market, saw home and business lending grow by 6.1% and 12.2%, respectively, in fiscal 2025, both outpacing the average growth seen by the overall banking system. Its net interest margin, a key measure of profitability, rose 9 basis points from last year to 2.08%. As a result, CBA’s cash earnings jumped to A$10.25 billion ($6.69 billion) for the fiscal year ended June 30, ahead of a Visible Alpha consensus of A$10.24 billion and the A$9.84 billion cash profit reported last year. CBA, Australia’s biggest bank by market capitalisation and mortgage portfolio, declared a final dividend of A$2.60 per share, compared with A$2.50 apiece it paid last year. Its full-year dividend payout of A$4.85 apiece is the highest ever. ($1 = 1.5328 Australian dollars)

Click Subscribe #CommonwealthBank #ProfitGrowth #AustraliaFinance #BankingNews #Investing

Commonwealth Bank of Australia, Westpac cut home loan rates after RBA move (Reuters) -Commonwealth Bank of Australia, the country’s largest lender, and Westpac Banking (NYSE:WBK) Corp, the third-biggest, cut their standard variable home loan rates by 25 basis points on Tuesday following the Reserve Bank of Australia’s rate cut. The central bank lowered its cash rate by 25 basis points to 3.60% after wrapping up a two-day policy meeting, citing falling inflation and a loosening labour market, though it remained cautious on the prospect of further easing. The moves mark the latest response by Australia’s major banks to the RBA’s third rate cut this year, as borrowing costs continue to ease from their recent peaks. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if CBA is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

Click Subscribe. #CommonwealthBank #Westpac #HomeLoanRates #RBAMove #AustraliaFinance

ATO reviewing how it decided to waive $950k owed by former PM's company The tax office has moved to allay fears powerful individuals are given special treatment, saying it will review how it made a decision to wipe penalties and interest from a company owned by Paul Keati...

When Mr. Keating forgets to pay his tax somehow it’s fine.

www.abc.net.au/news/2025-07...

#PaulKeating #ATO #ALP #CommonwealthBank

‘There is a human cost’: Australia’s largest company starts replacing jobs with AI Australia’s largest company has come under fire once again after another round of job cuts, with the roles being culled set to be replaced by artificial intelligence.

The #CommonwealthBank has opened a real Pandora's box by setting this most disturbing precedent by replacing 45 of its call centre "human" workers with #AI.

Now that the Comm has done it the floodgates of AI have been opened across all of corporate Australia.

AI is the biggest menace to society.

Commbank refuses to pay millions in refunds to low-income customers Hundreds of thousands of Australians slugged more than $60 million in excessive bank fees could soon get a refund, but Commonwealth Bank customers may not see a cent of $270 million in unfair charges.

ALP fans never shut up about the great Keating but somehow forget his privatisation gave us our most monstrous bank (known for charging the dead).

www.abc.net.au/news/2025-07-29/asic-ban...

I’ve been with #CommonwealthBank for about a year now, & have had unrecognised transactions twice in as many months, my most recent one being a few days ago. The bank has already issued me with a new card & refund will happen in a few days, but this has NEVER happened with any other bank.

May 16, 2014
1hr exp photographing this tonight @ Commonwealth Bank of Australia #Take2 #1hr #pinhole #8x10 #pinhole
@ilfordphoto.com #commonwealthbank #bank #money
#Hp5 #film #martinplace #traffic #night #nightout #afterdark #afterwork #martinplace #sydney #architecture #b/w #black&white #night

May 15, 2014
The next shot @ Martin Place, Sydney #Take2 #1hr #pinhole #8x10 #pinhole @ilfordphoto.com #commonwealthbank #bank #night #Hp5 #film #martinplace #traffic #night #nightout #afterdark #afterwork #martinplace #sydney #architecture #b/w #black&white #night

Fact Check: Australian Man Was Not Filmed Being Arrested For Trying To Take AU$5,000 From His Bank Account
#CheckTok #CommonwealthBank #Sydney #FactCheck #Australia
leadstories.com/hoax-alert/2...

Jan 28, 2014
Elizabeth st @ Martin Place Bus Stop
#ilovesydney
#martinplace #elizabethstreet #shadows #shadowshapes #pedestrian #commonwealthbank #windows #architecture

Is anyone else having issues using the #CommonwealthBank app?

Rates cut, Westpac Traralgon to close for refurbishment works By TOM HAYES   THE Reserve Bank board officially cut rates by 25 basis points last week, from 4.35 per cent down to 4.10 per cent, delivering a huge relief for lenders. The much-needed rate cut is the first since November 2020. Following suit was…

LV Express: Rates cut, Westpac Traralgon to close for refurbishment works: By TOM HAYES


 


THE Reserve Bank board officially cut rates by 25 basis points last week, from 4.35 per cent down to 4.10 per cent, delivering a huge relief for lenders.


The much-needed… #News #ANZ #CommonwealthBank

#CommonwealthBank
#AUSpol 🦘

@jimchalmers.bsky.social

Ideas+ 💡 10 Factors Contributing to Brand Value in Australia 2024 The brand value of the top ten most valuable brands in Australia in 2024 is influenced by several key factors that reflect both market performance and consumer perception. Here are the primary contributors: 1. Financial Performance A significant factor in determining brand value is the financial performance of the company. Brands like Woolworths and Commonwealth Bank have demonstrated strong financial results, with Woolworths maintaining a brand value of approximately $15.4 billion despite a slight decline, and Commonwealth Bank reclaiming its title as the most valuable brand with a cash profit of $10 billion in 2024.

1️⃣
Australia's top brands: Commonwealth Bank reclaims #1 spot

Annual Brand Finance rankings reveal shifts in brand value

#BrandFinance #AustralianBrands #CommonwealthBank #Woolworths

#CommonwealthBank

LOL at the #CommonwealthBank for thinking they'd get away with shifting 1.2 million customers to a new account where they'd need to pay $3 every time they wanted to withdraw any of their own money. #auspol

Following attempted theft by #CommonwealthBank from accounts of its customers with unjustifiable fees it is important that an independent bank be launched by #AustraliaPost. At very least, Post Office staff happily talk to us.

Commonwealth Bank pauses plans to charge customers $3 fee to withdraw cash Australia's biggest bank has paused its plans to charge customers a $3 fee to withdraw their own money at bank branches around the country, a day after it was announced.

The President of #SouthKorea took a tad less time than the #CommonwealthBank to read the room 🤣 www.abc.net.au/news/2024-12...

Hello 📢
#commonwealthbank in case you forgot ...
YOU ARE A BANK 💵🏧🏦

Exactly. Lots of people on tight budgets use #cash for preference to control their spending.
Like me.
Another reason for not banking with the #CommonwealthBank

Responding to a $2.5 billion quarter profit by announcing that all customers will now be charged $3 every time they withdraw their own money during a cost-of-living crisis is insane! #CommonwealthBank #auspol #CBA

#CBA #CommBank #CommonwealthBank