Commonwealth Bank of Australia News
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19 hrs ago | Bloomberg
Reserve Bank of Australia Governor Glenn Stevens delivered his semi-annual testimony to a parliamentary panel in Brisbane today in which he indicated lower interest rates were unlikely to accelerate growth; rather, what the economy needed was a release of "animal spirits."
Fletcher Building has announced former Air NZ and Commonwealth Bank of Australia chief executive Ralph Norris as its new chairman.
Waters, who first signalled his plan to retire from the company last year, will end his 13-year involvement with the company on October 21. He joined Fletcher Building in 2001 as chief executive and served in that role until 2006.
Pricier lamb and China's increasing thirst for milk signal New Zealand 's dollar may halt the declines since July that turned the world's best-performing major currency into the worst.
The heavily weighted banks were mostly higher, with Commonwealth Bank of Australia , shares of which lost 0.8% after its quarterly cash profit missed expectations, with the lender warning full-year revenue would print at the low end of its outlook.
As customer relationships are disrupted by technological upheaval in the banking industry, the analysis of "big data" has become one of the biggest strategic focuses for Commonwealth Bank of Australia chief executive Ian Narev.
The Commonwealth Bank of Australia reports that profits after tax for the full year ending 30 June 2014 have risen 12 percent on the previous year to reach AU$8.6 billion .
Citing its strength in technology in its annual results, the Commonwealth Bank of Australia has today announced a record cash profit of AU$8.68 billion for the 2014 fiscal year.
Commonwealth Bank of Australia Ltd. turned in another record full-year profit as the country's biggest lender by market value benefited from surging demand for home loans sparked by record-low interest rates.
Commonwealth Bank of Australia, one of the nation's largest lenders, has posted a 13 percent increase in annual profit to 8.6 billion Australian dollars and expressed cautious optimism for the current fiscal year.
The Commonwealth Bank of Australia has announced 40,000 enrolments for its Lock and Limit service that allows credit card users to lock and unlock certain transactions on their card.
An improving economy and favourable funding conditions helped ASB Bank boost its annual statutory net profit by 14 per cent to a record $806 million.
The Australian market looks set to open flat after Wall Street fell following disappointing German economic data and ahead of Wednesday's report on US retail sales.
Updated: Tue Aug 19, 2014 10:28 pm
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