Credit crunch up to 18 more months: CBA
August 17, 2008
Commonwealth Bank chief Ralph Norris says the credit crunch, which dragged on the bank's full-year earnings, is likely to last another 12 to 18 months.
Australia's Commonwealth Bank eyeing BankWest: report (Reuters)
Reuters - Commonwealth Bank of Australia (CBA) , the country's No. 2 bank by assets, may offer over A$6 billion ($5.2 billion) to British bank HBOS for its Australian unit BankWest, the Australian newspaper reported on Monday.
Commonwealth Bank of Australia discusses buying ABN Amro branch
Commonwealth Bank of Australia Ltd., the country's largest lender, said Wednesday it has entered exclusive talks to buy the local arm of Dutch investment bank ABN Amro.
CBA considers insurance buys: Citigroup
The Commonwealth Bank will seriously consider making a big acquisition in the general insurance space if one arose, a broker says.
CBA eyes ABN Amro
Commonwealth Bank of Australia is hoping to add investment banking to its online trading hub Commsec.
CBA working exclusively to acquire Amro
Commonwealth Bank of Australia Ltd (CBA) says it has entered exclusive talks to acquire the local arm of investment bank ABN Amro.
CBA rules out bid for St George
Commonwealth Bank has no intention of making a rival bid for St George, but won't rule out a bid for ABN Amro in Australia.
CBA dumps bid for ABN Amro unit
Commonwealth Bank pulls out of a proposed $500 million deal to buy the Australian investment banking business of ABN Amro.
Bulking up for hard times
Commonwealth Bank chief Ralph Norris would rather not predict the bank's future profit.
Commonwealth Bank hikes home loans
Commonwealth Bank has ramped up its benchmark mortgage rate by 0.14 per cent a week or so after the RBA said there was no need to lift official rates higher.
Australia's CBA Takes Flyer On ABN Amro Assets
Following National Bank of Australia's withdrawal from the bidding process, rival Commonwealth Bank enters into exclusive negotiations with Royal Bank of Scotland.
Commonwealth sees above system growth
The Commonwealth Bank of Australia has experienced above system growth in its home loans and household and business deposits.
CBA says capital position is strong
Commonwealth Bank of Australia shares strengthened on Thursday after it said it did not plan to raise additional capital.
All eyes on oracle of Martin Place
Are the big banks in for more strife or are better times around the corner? All eyes will be on the Commonwealth Bank's chief, Ralph Norris, on Wednesday when he unveils its...
CBA to spend $580m over on technology
Commonwealth Bank of Australia will spend $580 million over four years replacing 45-year-old technology systems to improve efficiency and customer service.
Commonwealth Bank half-year profit...
Commonwealth Bank Of Australia said Wednesday its first half net profit rose 8 percent compared to the same period a year earlier, though volatility in global markets stemming...
Centro on verge of debt relief
Commonwealth bank pushed Centro close to the brink yesterday before agreeing to another debt extension lifeline.
'No insurance business plans' says CBA
Commonwealth Bank of Australia said it had no plans to acquire a general insurance business after a broking house said that CBA would consider such a move.
CBA year net profit up 7 per cent
The Commonwealth Bank has lifted its reported profit by seven per cent and says volatility in financial markets is putting pressure on its funding costs.
Westpac Aims To Buy Way To Top In...
Bank says it's in talks to acquire smaller rival St. George, making it biggest in country by market cap.
CBA to spend $580m on technology
Commonwealth Bank of Australia Ltd will spend $580 million over the next four years modernising its existing banking legacy systems.
CBA cuts fixed term rates
Commonwealth Bank has lowered its fixed rate mortgages for the second time this month but says it cannot guarantee matching a likely rate cut next month by the central bank.
CBA ends talks to buy ABN Amro Aust
Commonwealth Bank of Australia Ltd (CBA) has withdrawn from talks with Royal Bank of Scotland to acquire ABN Amro Australian Holdings Pty Ltd.
CBA cuts fixed term interest rates
Australia's largest home lender, Commonwealth Bank of Australia, has lowered its fixed rate mortgages for the second time this month.
CBA profit expected to rise to $4.69b
Commonwealth Bank of Australia Ltd is expected to reveal a modest two per cent rise in annual profit.