Jon Mott News Today

Simple bank loans are becoming like luxury goods as regulators step in. The $1 trillion private capital giant Apollo thinks you can be part of the solution. 

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

The head of the bank’s commodities and global markets division, who earned $58 million in 2023, will depart at the end of the month.

The job cuts, which equate to about 5 per cent of local commercial banking staff, come as the bank looks to shift smaller customers to digital channels.

Investors have powered Commonwealth Bank’s share price to consecutive record highs even as analysts warn it is the most overvalued lender in Australia.

DEMOCRACY ON NOVEMBER 2024 BALLOT The nation faces an unprecedented threat to our democracy that thousands of young men and women gave their lives to

Analysts and financial advisers have different views on which of the country’s major financial institutions will offer the best return for shareholders.

Peter King said with its compliance issues out of the way, the bank will slice its 180 technology systems down to 60, in a massive new, four-year IT project.

This is a Death Notice for Ron Mott published on 2023-10-26 in Enid News & Eagle

Some brokers say the bank’s historical price-earnings premium is no longer justified amid tough competition to write mortgages. Others disagree.