Alan Docherty News Today

Reaffirms commitment to broker channel

A new, cheaper refinance offering is set to be launched by the major bank that is only available directly to consumers.

Despite his best efforts and a big profit, the largest investment bank brokers are sceptical that Commonwealth Bank deserves its $194 billion valuation.

ASB CEO Vittoria Shortt says bank's lending contraction evidence of an unusual, challenging time

The CBA boss is astute enough to realise Macquarie’s aim to become a major player in the mortgage market means home loan margins will remain under pressure.

A fall in CBA shares after the bank reported a $5 billion half-year profit may have left CEO Matt Comyn slightly relieved, given economic pain in the community.

Financial markets pushed back their own bets of the likely timing of easing to December, from September.

Commonwealth Bank reported a net profit of A$4.8 billion for the six months to December 2023 – a fall of 8 per cent compared with the previous corresponding period.

Whitehaven Coal’s Kevin Ball has topped the ranks of the country’s best performing financial bosses, based on the increase in the miner’s market capitalisation.

Pricing of NZ mortgage interest rates 'difficult to reconcile' and offer 'unsustainable returns', says CEO of ASB's Aussie parent bank CBA