Ethan Teas News Today

It's the first big bank to make the switch

As other 'big four' banks prepare services.

ACCC chair Gina Cass-Gottlieb told banks it will take enforcement action if proper data is not being delivered into the open banking regime.

Commonwealth Bank has announced it will absorb correspondent bank fees on all offered currencies for foreign exchange (FX) transfers in a move that is set to save customers millions of dollars every year.