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No RBA cut on Aussie dollar: CBA economist
2016-03-30 16:16:36| Automakers - Topix.net
Those hoping for an RBA rate cut shouldn't get too excited despite the Australian dollar having gained on dovish comments from US Federal Reserve chair Janet Yellen. The Australian dollar rose past 76 US cents early Wednesday after Ms Yellen said the Fed should proceed "cautiously" on raising interest rates in the US.
Tags: cut
dollar
economist
aussie
CBA, Ace Foundation finalise settlement in lawsuit linked to IT bribe allegations
2016-03-29 09:35:41| Automakers - Topix.net
The Commonwealth Bank of Australia and the Ace Foundation have finalised a settlement in a US lawsuit linked to an Australian criminal case that has seen charges laid against two former CBA IT executives. The Ace Foundation is a US-based not-for-profit organisation that last year sued the bank.
Tags: foundation
linked
settlement
ace
Property bubble fears are overblown, says CBA
2016-03-07 03:42:53| Automakers - Topix.net
The Commonwealth Bank boss stares down those short selling banks, and criticises the focus of the political debate over negative gearing. This headline will be the 3,093rd mention of an " Australian housing bubble " in the media over the past year, as counted by Commonwealth Bank of Australia chief economist Michael Blythe, who also says talk of a housing bubble is overblown.
Tags: property
fears
bubble
cba
CBA opens innovation lab in Hong Kong
2016-01-19 08:47:46| Automakers - Topix.net
In a strategic move designed to tap the thinking of entrepreneurs based in leading offshore fintech hubs, Commonwealth Bank of Australia has opened an "innovation lab" in Hong Kong and will open a similar facility in London in July. Launching the lab in One Exchange Square, in downtown central Hong Kong, on Thursday, the Secretary for Financial Services and the Treasury of Hong Kong, KC Chan, said the start-up scene there is thriving and "fintech is an area that has great potential in our city.
CBA to close institutional equities after alliance with Goldman
2015-12-07 09:38:16| Automakers - Topix.net
Commonwealth Bank of Australia will shut down its institutional equities business, after announcing on Monday a strategic alliance with investment bank Goldman Sachs, which will provide CommSec and CBA private banking clients with investment research and access to equity capital market deals. CBA suggested the "wind-down" of its institutional equities team could result in job losses.
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close
institutional
alliance