Commonwealth Bank of Australia News

The yield advantage on Australian sovereign bonds may crash to the least since 2001 as the central bank shows it's willing to cut record-low interest rates even further, the nation's largest lender said.

Australian shares rose 0.5 percent in late morning trade on Wednesday, after a second straight day of gains on Wall Street, but trading was subdued as investors remained cautious ahead of the outcome of the U.S. Federal Reserve monetary meeting.

Australian shares reversed early losses to finish 0.7 percent higher on Monday after a rebound in Japanese stocks buoyed market sentiment and bolstered financials like Commonwealth Bank of Australia.

Australian shares dropped 0.7 percent on Monday after falls on Wall Street, pulled down by blue-chip financials and miners as investors remain concerned over whether the world's central banks will retain quantitative easing programmes.

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Commonwealth Bank of Australia announced it is launching a new online support forum designed to provide its customers with a personalized online experience.

Australian shares rebounded 1.1 percent from 5-month lows on Friday led by flagship miners and financials as the benchmark rebounded from five-month lows after Wall Street rallied overnight on stronger-than-expected data.

Commonwealth Bank of Australia is to launch an online forum and information exchange where customers and bank staff can search for support and advice and engage in discussions for on-the-spot query resolution.

Full-time employment fell 5,300 to 8.154 million while part-time employment was up 6,400 to 3.51 million.

Australian shares fell 0.7 percent to close at a five-month low on Wednesday as a global sell-off of equities deepened on concerns that major central banks would not offer more support for markets and economies.

Australia 's dollar fell to the lowest in almost three years versus the greenback after home-loan approvals grew at the slowest pace in three months, boosting the case for further cuts to borrowing costs.

Australia 's covered bond boom is waning less than two years after the market started as yield-hungry buyers more than double purchases of residential mortgage-backed securities.

TAXI licence holders could face bankruptcy after a major bank told staff to attach a nil value to all Victorian licences in the wake of reforms announced by the State Government last month.

SYDNEY: Australian shares fell 0.9 percent on Friday and posted their biggest weekly loss in a year, as jitters ahead of a key US jobs report dragged the index to a near five-month low.

Bailed-out bank's Ross McEwan sold roughly half the shares he received through long-term incentive plan to pay tax bills Royal Bank of Scotland HQ in the City of London.

Australian shares dropped 1.4 percent on Wednesday to a five-month low as slower-than-expected first quarter growth and weakening demand for metals in China weighed on the market.

Australian shares were flat on Tuesday morning, as gains in mining firms were offset by losses in the financials sector amid subdued activity ahead of the outcome of the Reserve Bank's policy meeting later in the day.

SYDNEY: Australian shares reversed early gains to slip 0.1 percent on Friday, as financials declined in a late session sell-off that saw the benchmark fall 5.1 percent for the month, its biggest drop since May 2012.

A Facebook poll conducted by Commonwealth Bank of Australia has provided fresh insights into customer perspectives of its online banking service, NetBank.

Australian bank stocks are on course for their worst monthly performance in three years as investors cash out of a rally that drove financial shares to a record high in April.