Australia’s Big Four banks are at the core of our entire economy, says Evan Jones, and the idea that they’re “in competition” with each other is a farce. Together, these institutions wield enormous power.
Commonwealth Bank 
Rate rise not to blame for job ads fall
Online and newspaper job ads last month fell for the first time in three months, down 1.7%, with the Reserve Bank’s first rate rise blamed. But, the fall is typical of a recovery in employment.
Codswallop! Ralph Norris’ CBA pay bonanza
Commonwealth Bank shareholders saw a 14% fall in their share-based payments (ie dividends) for the 2009 financial year. So why did CEO Ralph Norris end up with such a tasty slice of the pie?
A super way to open up the mortgage sector
Commonwealth Bank and Westpac and their subsidiaries now control over 85% of all new mortgages. Adam Barker suggests a way to break the banks’ stranglehold.
Australian banks in a league of their own
Australian banks shouldn’t be too aggrieved by the changes to global banking rules that have been drafted this week in the Swiss city of Basle.
Suncorp’s false dawn
The 2009 Suncorp result show the company is in real trouble. So, why is Suncorp Metway paying out dividends when it didn’t earn enough profit to cover the near $1 billion payment?
Morning Market Report: CBA results better than expected
The market is down 1, but it’s a good result considering the SFE Futures were down 35 this morning. Meanwhile, the CBA have announced better than expected results.
Which bank’s been pissing off its customers?
The Commonwealth Bank’s NetBank went down for several hours on the second-last day of the financial year. So The SMH invited customers to vent their spleens.
Tips and rumours: Netbank fail
Which celeb is next to go? A big fail from the Commonwelath’s Netbank, and more hot tips from Crikey readers.
Morning Market Report: Market, Dow down
The market is down 21 compared, while the Dow dropped 15.
Banks — and AFR — do the ground work for a tax-free grab
The Australian Financial Review was quick to grab and endorse a much bigger grab for the public purse by the banks, led by Cameron Clyne of the NAB.
There’s plenty Rudd could do about CBA’s gouging
The CBA home rate rise last week is typical of Australian banks’ cartel behavior, but don’t expect Rudd, Gillard and Swan to do anything about it, writes Adam Schwab.
Crikey Says: Government to blame for Commonwealth Bank rate rise
Joe Hockey is right that Friday’s unprompted rate rise from the Commonwealth is the Government’s fault — though not, unfortunately, for the reason he suggests.
Investors waking up on capital raisings
Australian investors are finally aware of the hundreds of thousands of dollars to be made as companies tap the market for cash, says Stephen Mayne.
Tips and rumours: Franking credits, oh dear: Rudd money doesn’t give a damn
Franking credits. If you have them will you get your Rudd money?
Big banks grow fatter at taxpayer expense
The Federal Government’s guarantee for Australian bank deposits and borrowings has done its work. It’s time to scrap it.
Norris’s pay cut just a shrewd sales pitch
Commonwealth Bank CEO Ralph Norris is taking a 10% pay cut, but he’ll still be earning substantially more than his predecessor.
Tips and rumours: Iguanagate goes on tour?
A fresh tip about Belinda Neal and John Della Bosca’s latest endeavours. Plus a look at the DMO’s inner workings and questions raised over News Limited’s circulation figures.
Banks call time on first home buyer party
The Australian banks are about to kick the chock away from the last remaining support for the weakening Australian economy, writes Glenn Dyer.
Bank DeathWatch: three more US lenders fail
As more US banks close, the much more stable Commonwealth Bank has issued a dividend warning, writes Glenn Dyer.
Oz bankers luxuriate on the public purse
For our nation’s bankers, Australia really is the lucky country, writes Adam Schwab.
CBA petulant, Merrill flips the bird
Investment bank Merrill Lynch has slammed the Commonwealt after yesterday’s capital raising debacle, writes Glenn Dyer.
CBA capital raising dead and buried
It what could either be a stuff-up or sheer incompetence, the Commonwealth Bank has been forced to dump its latest $2 billion fund raising, writes Glenn Dyer.
Will brutal CommBank put Centro under on Monday?
Could Centro become Australia’s biggest corporate collapse? Stephen Mayne investigates.
