Page 80 - Cba News Today

Startup helps people stay on top of bills.

IG Metall union will have a role in job cuts and wage reductions On Tuesday morning in Düsseldorf, the IG Metall union signed a collective bargaining agreement covering almost four million workers in the metal and electrical industries without any increase in wage rates. Workers will be fobbed off with one-off payments, but payment of these depends on the profits of the corporations. This provides rising profits for businesses and reductions in real wages for the workers. Above all, it allows ...

Global law firm Ashurst has advised AIA Australia Limited (AIA) on the completion of a A$2.375 billion share sale and portfolio transfer between AIA and...

By Kate Weber on Apr 1, 2021 12:20PM Data-entry errors and poor processes blamed. CBA is facing allegations that it incorrectly charged customers monthly access fees totalling almost $55 million over a nine year period, partially as a result of data entry errors and system misconfiguration. The Australian Securities and Investments Commission (ASIC) has filed civil proceedings in the Federal Court against CBA’s conduct, which “occurred because of 3...

Date Time CBA backs SME recovery Commonwealth Bank (CBA) has today announced the details of the loans it will offer from 1 April 2021 under the Federal Government’s SME Recovery Loan Scheme. Eligible businesses can now apply to CBA for loans up to $5 million with variable interest rates from as low as 2.6% p.a. for secured loans, and from 2.85% p.a. for secured loans with a repayment holiday from 12 months. Unsecured loans are available with rates from 3.25% p.a., and from 3.75% p.a. with a r...

Mortgage Business ASIC sues CBA for incorrectly charging customers By Annie Kane 01 April 2021 The financial services regulator has commenced proceedings against the big four bank over allegations it charged approximately $55 million in monthly access fees to customers when it was not entitled to. The Commonwealth Bank of Australia (CBA) is bei...

Date Time CommBank unveils new BNPL offering Commonwealth Bank of Australia has today unveiled its new Buy Now, Pay Later (BNPL) offering which can be used anywhere debit and credit card payments are accepted [1]. It will begin rolling out to eligible CBA customers from mid-2021. Available to eligible CBA customers, the new BNPL links to a CBA bank account, with no ongoing fees [2] and at no additional cost to businesses [3]. “Customer needs are evolving and this new BNPL offering is about gi...

By Kate Weber on Mar 17, 2021 11:59PM Will "complement" existing partnership with Klarna. The Commonwealth Bank has launched its own buy now pay later (BNPL) service titled CommBank BNPL as it looks to compete in the growing market of payment solutions. CBA will be the first of the Big 4 to offer a BNPL service of its own, as the bank seeks to align itself with the consumer shift away from traditional credit cards. CommBank BNPL users can make repaymen...

NAB has today appointed Phil Waugh to the role of Executive, Broker Distribution. Mr Waugh joins NAB from Westpac, where he has most recently led a team...

Date Time Regional Australia bounces back as Aussies explore their own backyards Regional Australia has experienced a sharp bounce-back in spending since the start of the COVID-19 pandemic and is outstripping the recovery in metro areas, according to new data* released by the Commonwealth Bank today. The hospitality and tourism sectors in regional areas across the nation experienced a 15 per cent increase in transactions by the end of January this year compared to twelve months ago – which wa...