Menu
Scroll to top
Topic: Commonwealth Bank
Where were the banks’ shareholders? Too busy chasing short-term profit.

Where were the banks’ shareholders? Too busy chasing short-term profit.

Poor remuneration practices and incentives played as big a role outside our banks as within them.

How much will the royal commission end up costing the banks?

How much will the royal commission end up costing the banks?

A potential $1 billion refund request from ASIC will lead many to think the banks are being penalised. This is far from the case.

Retail super fund horror show requires compensation

Retail super fund horror show requires compensation

The royal commission has shown that things in the retail super fund are far, far worse than suspected.

Aretha Franklin, Queen of Soul, dies at 76

Aretha Franklin, Queen of Soul, dies at 76

Good morning, early birds. Aretha Franklin has died overnight at her home in Detroit. Plus, Australian filmmaker James Ricketson faces trial in Cambodia. It's the news you need to know, with Chris Woods.

Commonwealth Bank outperforms market despite royal commission

Commonwealth Bank outperforms market despite royal commission

Reports on Commonwealth Bank annual profit ignore the fact the bank has outperformed most of the market in a year with plenty of bad PR.

Commonwealth abandons wealth management, returns to being just a bank

Commonwealth abandons wealth management, returns to being just a bank

The death of vertical integration continues apace as the Commonwealth moves to demerge its financial advice and wealth management arms.

CommBank gives in to AUSTRAC, hands over $700 million

CommBank gives in to AUSTRAC, hands over $700 million

While the government obsesses about the trivial impacts of "militant" unions, large corporations are being exposed for engaging in serious misconduct that has dramatic impacts.

Did CBA’s profits addiction grow from an imported ‘cult-like’ sales management strategy?

Did CBA’s profits addiction grow from an imported ‘cult-like’ sales management strategy?

The Commonwealth Bank shifted to an increasingly profit-driven services model promoted by an eccentric US management group, that pushed all staff (risk managers, auditors, the lot) to discover new leads for sales.

Banking crisis exposes our tendency to disequilibrium

Banking crisis exposes our tendency to disequilibrium

Two major industries have demonstrated how our neoliberal policymaking process ends up producing a backlash that can damage the entire economy.

How the government helped the Commonwealth keep its breach secret

How the government helped the Commonwealth keep its breach secret

The Commonwealth Bank would have been forced to disclose its mammoth data breach if the government had fulfilled its promise of requiring companies to report breaches. But instead the government took three years to do it.